Principal Financial Group Inc. Takes Position in Taylor Morrison Home Corp (TMHC)

Principal Financial Group Inc. purchased a new position in Taylor Morrison Home Corp (NASDAQ:TMHC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,746 shares of the construction company’s stock, valued at approximately $1,410,000. Principal Financial Group Inc. owned approximately 0.10% of Taylor Morrison Home Corp as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. IndexIQ Advisors LLC purchased a new stake in Taylor Morrison Home Corp in the second quarter worth about $533,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Taylor Morrison Home Corp by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after buying an additional 1,110 shares in the last quarter. Airain ltd increased its position in Taylor Morrison Home Corp by 158.8% in the second quarter. Airain ltd now owns 72,795 shares of the construction company’s stock worth $1,748,000 after buying an additional 44,668 shares in the last quarter. Prudential Financial Inc. increased its position in Taylor Morrison Home Corp by 43.2% in the second quarter. Prudential Financial Inc. now owns 1,780,580 shares of the construction company’s stock worth $42,752,000 after buying an additional 537,590 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Taylor Morrison Home Corp by 2,001.8% in the second quarter. American Century Companies Inc. now owns 419,121 shares of the construction company’s stock worth $10,063,000 after buying an additional 399,180 shares in the last quarter.

Shares of Taylor Morrison Home Corp (NASDAQ TMHC) opened at 22.92 on Monday. The firm has a 50-day moving average price of $21.07 and a 200-day moving average price of $22.49. Taylor Morrison Home Corp has a 12 month low of $15.82 and a 12 month high of $24.79. The stock has a market cap of $1.66 billion and a PE ratio of 13.80.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $908.49 million during the quarter, compared to analyst estimates of $849.70 million. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. Equities analysts forecast that Taylor Morrison Home Corp will post $1.91 EPS for the current year.

Taylor Morrison Home Corp declared that its board has authorized a share buyback plan on Monday, September 18th that authorizes the company to buyback $43.60 million in shares. This buyback authorization authorizes the construction company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: This news story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/09/principal-financial-group-inc-takes-position-in-taylor-morrison-home-corp-tmhc.html.

A number of brokerages have commented on TMHC. Deutsche Bank AG upped their price target on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research cut Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, BidaskClub upgraded Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Taylor Morrison Home Corp presently has an average rating of “Buy” and an average price target of $24.00.

In other Taylor Morrison Home Corp news, insider C. David Cone sold 20,000 shares of Taylor Morrison Home Corp stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $22.83, for a total transaction of $456,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. IndexIQ Advisors LLC purchased a new stake in Taylor Morrison Home Corp in the second quarter worth about $533,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Taylor Morrison Home Corp by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after buying an additional 1,110 shares in the last quarter. Airain ltd increased its position in Taylor Morrison Home Corp by 158.8% in the second quarter. Airain ltd now owns 72,795 shares of the construction company’s stock worth $1,748,000 after buying an additional 44,668 shares in the last quarter. Prudential Financial Inc. increased its position in Taylor Morrison Home Corp by 43.2% in the second quarter. Prudential Financial Inc. now owns 1,780,580 shares of the construction company’s stock worth $42,752,000 after buying an additional 537,590 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Taylor Morrison Home Corp by 2,001.8% in the second quarter. American Century Companies Inc. now owns 419,121 shares of the construction company’s stock worth $10,063,000 after buying an additional 399,180 shares in the last quarter.

Shares of Taylor Morrison Home Corp (NASDAQ TMHC) opened at 22.92 on Monday. The firm has a 50-day moving average price of $21.07 and a 200-day moving average price of $22.49. Taylor Morrison Home Corp has a 12 month low of $15.82 and a 12 month high of $24.79. The stock has a market cap of $1.66 billion and a PE ratio of 13.80.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $908.49 million during the quarter, compared to analyst estimates of $849.70 million. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. Equities analysts forecast that Taylor Morrison Home Corp will post $1.91 EPS for the current year.

Taylor Morrison Home Corp declared that its board has authorized a share buyback plan on Monday, September 18th that authorizes the company to buyback $43.60 million in shares. This buyback authorization authorizes the construction company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: This news story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/09/principal-financial-group-inc-takes-position-in-taylor-morrison-home-corp-tmhc.html.

A number of brokerages have commented on TMHC. Deutsche Bank AG upped their price target on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research cut Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, BidaskClub upgraded Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Taylor Morrison Home Corp presently has an average rating of “Buy” and an average price target of $24.00.

In other Taylor Morrison Home Corp news, insider C. David Cone sold 20,000 shares of Taylor Morrison Home Corp stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $22.83, for a total transaction of $456,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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