Dimensional Fund Advisors LP Sells 135,096 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Dimensional Fund Advisors LP decreased its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,966,559 shares of the construction company’s stock after selling 135,096 shares during the period. Dimensional Fund Advisors LP owned 7.64% of Taylor Morrison Home worth $441,667,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Taylor Morrison Home by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,065,300 shares of the construction company’s stock valued at $128,400,000 after purchasing an additional 71,564 shares during the last quarter. Norges Bank acquired a new stake in Taylor Morrison Home in the 4th quarter valued at about $63,137,000. Bank of New York Mellon Corp lifted its stake in Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after purchasing an additional 4,638 shares during the last quarter. Assetmark Inc. lifted its stake in Taylor Morrison Home by 99.3% in the 4th quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after purchasing an additional 391,964 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Taylor Morrison Home by 18.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock valued at $43,590,000 after purchasing an additional 122,864 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TMHC shares. Raymond James assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price for the company. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Barclays raised their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Stock Up 0.2 %

NYSE TMHC opened at $68.82 on Tuesday. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $69.77. The company has a 50 day moving average of $63.98 and a 200-day moving average of $59.64. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 9.85 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.06. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.87 billion. On average, equities research analysts expect that Taylor Morrison Home Co. will post 8.15 earnings per share for the current fiscal year.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.31, for a total value of $1,989,300.00. Following the transaction, the director now directly owns 2,225,316 shares of the company’s stock, valued at $147,560,703.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at $149,347,347.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the transaction, the director now directly owns 2,225,316 shares in the company, valued at $147,560,703.96. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock valued at $5,966,317 over the last three months. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Company 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.