Principal Financial Group Inc. Cuts Position in Taylor Morrison Home Corporation $TMHC

Principal Financial Group Inc. lowered its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,249,702 shares of the construction company’s stock after selling 10,819 shares during the quarter. Principal Financial Group Inc. owned 1.28% of Taylor Morrison Home worth $73,570,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TMHC. ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in Taylor Morrison Home during the third quarter worth about $27,000. Pinnacle Holdings LLC purchased a new position in Taylor Morrison Home in the third quarter valued at about $32,000. Huntington National Bank lifted its position in shares of Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after acquiring an additional 560 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $40,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America lowered their price target on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Barclays boosted their target price on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada lifted their price target on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.43.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $59.45 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The stock has a fifty day moving average of $60.42 and a two-hundred day moving average of $61.39. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 1.47 and a beta of 1.51. Taylor Morrison Home Corporation has a fifty-two week low of $54.58 and a fifty-two week high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business’s revenue was down 26.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.07 earnings per share. On average, analysts anticipate that Taylor Morrison Home Corporation will post 5.06 EPS for the current fiscal year.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.