Principal Financial Group Inc. Sells 168,456 Shares of Taylor Morrison Home Corporation $TMHC

Principal Financial Group Inc. reduced its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 11.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260,521 shares of the construction company’s stock after selling 168,456 shares during the quarter. Principal Financial Group Inc.’s holdings in Taylor Morrison Home were worth $83,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TMHC. Hantz Financial Services Inc. raised its position in shares of Taylor Morrison Home by 1.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock valued at $758,000 after buying an additional 165 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Taylor Morrison Home by 13.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after acquiring an additional 190 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Taylor Morrison Home by 2.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after purchasing an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in Taylor Morrison Home by 4.1% during the second quarter. Kingsview Wealth Management LLC now owns 6,765 shares of the construction company’s stock worth $416,000 after purchasing an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 3.1%

Shares of NYSE TMHC opened at $63.55 on Wednesday. The firm’s fifty day moving average is $61.65 and its 200 day moving average is $63.20. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $72.50. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 7.66 and a beta of 1.59.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TMHC shares. Zacks Research cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday, December 29th. Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 target price on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 target price on shares of Taylor Morrison Home in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.14.

About Taylor Morrison Home

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.