Taylor Morrison Home Corporation (NYSE:TMHC) Stake Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,549,348 shares of the construction company's stock after selling 52,567 shares during the period. Principal Financial Group Inc. owned 1.52% of Taylor Morrison Home worth $93,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Morse Asset Management Inc purchased a new stake in Taylor Morrison Home during the fourth quarter valued at about $29,000. GAMMA Investing LLC grew its position in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after acquiring an additional 444 shares during the period. Quarry LP grew its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after acquiring an additional 471 shares during the period. Farther Finance Advisors LLC grew its position in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after acquiring an additional 262 shares during the period. Finally, SRS Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TMHC shares. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Bank of America initiated coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price objective on the stock. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Wedbush restated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Down 2.3%

Shares of NYSE:TMHC traded down $1.48 during trading on Friday, hitting $63.45. The company's stock had a trading volume of 992,674 shares, compared to its average volume of 940,468. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.45. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock's 50-day moving average price is $58.87 and its two-hundred day moving average price is $60.23. The company has a market capitalization of $6.37 billion, a PE ratio of 7.38 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.85 by $0.33. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The business's revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 earnings per share. As a group, sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.