Principal Financial Group Inc. Buys 69,222 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Principal Financial Group Inc. increased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,051,580 shares of the construction company's stock after purchasing an additional 69,222 shares during the period. Principal Financial Group Inc. owned approximately 1.98% of Taylor Morrison Home worth $144,144,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its stake in Taylor Morrison Home by 2.8% in the third quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock valued at $350,455,000 after purchasing an additional 136,432 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after buying an additional 282,227 shares in the last quarter. Fisher Asset Management LLC raised its stake in 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 worth $80,938,000 after buying an additional 28,166 shares during the period. Bank of New York Mellon Corp boosted its holdings in Taylor Morrison Home by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company's stock worth $59,125,000 after acquiring an additional 4,638 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake 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 valued at $62,955,000 after acquiring an additional 654,541 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,549 shares of company stock worth $9,159,829 in the last ninety days. Company insiders own 3.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TMHC shares. Royal Bank of Canada upped their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. StockNews.com upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Raymond James reiterated an "outperform" rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $85.33.

Taylor Morrison Home Stock Up 0.8 %

NYSE:TMHC traded up $0.49 on Friday, hitting $59.73. The stock had a trading volume of 2,719,306 shares, compared to its average volume of 808,854. Taylor Morrison Home Co. has a 1 year low of $50.00 and a 1 year high of $75.49. The firm's fifty day simple moving average is $69.25 and its two-hundred day simple moving average is $65.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The stock has a market cap of $6.18 billion, a P/E ratio of 7.90 and a beta of 1.97.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $1.62 earnings per share. Taylor Morrison Home's revenue was up 26.6% on a year-over-year basis. Analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

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.