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

Principal Financial Group Inc. trimmed its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,601,915 shares of the construction company's stock after selling 449,665 shares during the period. Principal Financial Group Inc. owned approximately 1.55% of Taylor Morrison Home worth $98,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Taylor Morrison Home in the 3rd quarter valued at $29,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 valued at $49,000 after acquiring an additional 243 shares during the last quarter. R Squared Ltd bought a new stake in Taylor Morrison Home during the fourth quarter worth about $61,000. Finally, Peterson Financial Group Inc. acquired a new position in Taylor Morrison Home during the third quarter valued at approximately $62,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

TMHC traded down $1.13 on Friday, reaching $60.85. The company had a trading volume of 951,109 shares, compared to its average volume of 1,078,663. The company's fifty day moving average is $62.93 and its 200 day moving average is $66.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock has a market cap of $6.30 billion, a P/E ratio of 7.35 and a beta of 2.03. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company's stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.50% of the company's stock.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and raised their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.43.

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.