Principal Financial Group Inc. Has $144.14 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Principal Financial Group Inc. raised its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 3.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,051,580 shares of the construction company's stock after buying 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.

Several other institutional investors also recently added to or reduced their stakes in the business. Forum Financial Management LP raised its position in shares of Taylor Morrison Home by 3.9% during the second quarter. Forum Financial Management LP now owns 4,430 shares of the construction company's stock valued at $246,000 after buying an additional 165 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in Taylor Morrison Home by 2.1% in the 3rd quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company's stock valued at $640,000 after acquiring an additional 191 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Taylor Morrison Home by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after acquiring an additional 234 shares during the period. Arizona State Retirement System grew its holdings in shares of Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company's stock worth $1,652,000 after purchasing an additional 266 shares in the last quarter. Finally, Hanlon Investment Management Inc. increased its position in shares of Taylor Morrison Home by 2.0% during the second quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company's stock valued at $757,000 after purchasing an additional 269 shares during the period. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank of Canada raised 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. Raymond James reaffirmed an "outperform" rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, December 13th. Finally, StockNews.com raised Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $85.33.

Taylor Morrison Home Price Performance

Shares of TMHC stock traded up $0.49 during trading hours on Friday, hitting $59.73. 2,719,306 shares of the company's stock were exchanged, compared to its average volume of 808,854. The stock's 50-day moving average is $69.25 and its 200-day moving average is $64.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 7.90 and a beta of 1.97. Taylor Morrison Home Co. has a 52 week low of $50.00 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, research analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on 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 sale, the director now directly 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 legal filing with the SEC, which is available at this link. Also, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the sale, the executive vice president now owns 109,217 shares in the company, valued at $7,699,798.50. This represents a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,549 shares of company stock worth $9,159,829. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home 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.