Principal Financial Group Inc. decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,218,934 shares of the construction company’s stock after selling 30,768 shares during the period. Principal Financial Group Inc. owned 1.30% of Taylor Morrison Home worth $70,991,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Miller Capital Partners Inc. purchased a new position in shares of Taylor Morrison Home during the fourth quarter valued at $27,000. Brown Brothers Harriman & Co. purchased a new stake in Taylor Morrison Home in the fourth quarter worth about $33,000. Root Financial Partners LLC lifted its stake in Taylor Morrison Home by 65.7% in the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after acquiring an additional 253 shares during the period. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home during the 4th quarter worth about $40,000. Finally, Los Angeles Capital Management LLC bought a new position in Taylor Morrison Home during the 4th quarter worth about $45,000. Institutional investors own 95.16% of the company’s stock.
Taylor Morrison Home Trading Up 0.4%
NYSE:TMHC opened at $72.14 on Friday. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.69 and a beta of 1.44. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week high of $72.50. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $67.27 and a 200 day moving average of $63.74.
Analysts Set New Price Targets
TMHC has been the subject of several recent research reports. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Weiss Ratings downgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Bank of America cut their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Barclays reissued an “equal weight” rating and issued a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday. Finally, Raymond James Financial lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.43.
View Our Latest Research Report on Taylor Morrison Home
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.
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