Principal Securities Inc. Boosts Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Principal Securities Inc. increased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,128 shares of the construction company’s stock after buying an additional 1,297 shares during the period. Principal Securities Inc.’s holdings in Taylor Morrison Home were worth $436,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter worth about $34,000. V Square Quantitative Management LLC boosted its position in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares in the last quarter. R Squared Ltd acquired a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $61,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TMHC shares. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average price target of $82.43.

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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Down 1.8 %

TMHC opened at $60.85 on Friday. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 7.35 and a beta of 2.03. The company’s 50 day simple moving average is $62.93 and its two-hundred day simple moving average is $66.24. Taylor Morrison Home Co. has a 1-year low of $53.17 and a 1-year high of $75.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS 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%. Analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.