Principal Financial Group Inc. Has $98.05 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Principal Financial Group Inc. lowered its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 21.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,601,915 shares of the construction company’s stock after selling 449,665 shares during the period. Principal Financial Group Inc.’s holdings in Taylor Morrison Home were worth $98,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TMHC. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home in the third quarter worth $29,000. Harbor Capital Advisors Inc. acquired a new position in Taylor Morrison Home in the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares in the last quarter. R Squared Ltd acquired a new position in Taylor Morrison Home in the fourth quarter worth $61,000. Finally, Peterson Financial Group Inc. acquired a new position in Taylor Morrison Home in the third quarter worth $62,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TMHC shares. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Raymond James reiterated an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, BTIG Research raised their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Trading Down 1.8 %

NYSE:TMHC opened at $63.05 on Wednesday. Taylor Morrison Home Co. has a 1-year low of $53.17 and a 1-year high of $75.49. The business’s 50-day moving average price is $63.32 and its two-hundred day moving average price is $66.31. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 8.34 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. On average, equities analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Company 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.