Taylor Morrison Home Co. (NYSE:TMHC) Stake Raised by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,051,580 shares of the construction company’s stock after acquiring an additional 69,222 shares during the quarter. Principal Financial Group Inc. owned 1.98% of Taylor Morrison Home worth $144,144,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Taylor Morrison Home by 2.8% during the third quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after acquiring an additional 136,432 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after purchasing an additional 282,227 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock valued at $80,938,000 after buying an additional 28,166 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after buying an additional 4,638 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after buying an additional 654,541 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Activity

In other news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,549 shares of company stock valued at $9,159,829. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $59.73 on Friday. Taylor Morrison Home Co. has a 12 month low of $50.00 and a 12 month high of $75.49. The company has a market cap of $6.18 billion, a P/E ratio of 7.90 and a beta of 1.97. The business’s 50 day moving average is $69.25 and its two-hundred day moving average is $64.97. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. Taylor Morrison Home’s revenue was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Raymond James restated an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $85.33.

About Taylor Morrison Home

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.