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

Dimensional Fund Advisors LP lessened its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.7% during the second quarter, HoldingsChannel.com reports. 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 approximately 0.08% of Taylor Morrison Home worth $441,667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Taylor Morrison Home in the fourth quarter worth $63,137,000. Wedge Capital Management L L P NC grew its position in Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after purchasing an additional 691,711 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after purchasing an additional 649,230 shares in the last quarter. Assetmark Inc. grew its position in shares of Taylor Morrison Home by 99.3% during the 4th quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after acquiring an additional 391,964 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in shares of Taylor Morrison Home by 203.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock valued at $27,400,000 after acquiring an additional 295,256 shares during the period. Institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the sale, the director now directly owns 2,195,316 shares of the company’s stock, valued at $149,347,347.48. The disclosure for this sale can be found here. Insiders have sold a total of 90,000 shares of company stock valued at $5,966,317 in the last quarter. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $68.82 on Tuesday. The firm has a market cap of $7.17 billion, a PE ratio of 9.85 and a beta of 1.96. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $69.77. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $63.98 and its two-hundred day simple moving average is $59.64.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Raymond James assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target on the stock. BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, August 19th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Wedbush reaffirmed a “neutral” rating and set a $65.00 target price (up previously from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.17.

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.