Allspring Global Investments Holdings LLC Decreases Stock Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

Allspring Global Investments Holdings LLC lessened its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 742,180 shares of the construction company's stock after selling 35,021 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.73% of Taylor Morrison Home worth $44,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after acquiring an additional 444 shares in the last quarter. Quarry LP lifted its holdings in Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after acquiring an additional 471 shares during the period. Farther Finance Advisors LLC lifted its holdings in Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after acquiring an additional 262 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Trading Down 2.3%

Shares of NYSE TMHC traded down $1.48 during trading on Thursday, hitting $63.45. 992,674 shares of the company traded hands, compared to its average volume of 937,012. The firm has a market capitalization of $6.37 billion, a P/E ratio of 7.38 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 6.45 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $58.65 and a 200-day moving average price of $60.24. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. On average, equities analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TMHC shares. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Bank of America began coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Finally, Wedbush reaffirmed an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.88.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.