Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,332,958 shares of the construction company’s stock after selling 349,887 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Taylor Morrison Home worth $448,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Alpha DNA Investment Management LLC raised its holdings in shares of Taylor Morrison Home by 6.7% during the fourth quarter. Alpha DNA Investment Management LLC now owns 7,286 shares of the construction company’s stock worth $446,000 after purchasing an additional 455 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Taylor Morrison Home by 169.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 78,700 shares of the construction company’s stock worth $4,817,000 after purchasing an additional 49,500 shares during the period. Farringdon Capital Ltd. purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $219,000. Marshall Wace LLP lifted its holdings in shares of Taylor Morrison Home by 1,454.1% in the 4th quarter. Marshall Wace LLP now owns 87,031 shares of the construction company’s stock valued at $5,327,000 after buying an additional 81,431 shares during the period. Finally, Bridgewater Associates LP grew its holdings in Taylor Morrison Home by 206.7% during the fourth quarter. Bridgewater Associates LP now owns 78,124 shares of the construction company’s stock worth $4,782,000 after acquiring an additional 52,649 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 2.8 %

Shares of TMHC opened at $56.44 on Friday. The stock has a 50 day moving average price of $59.78 and a 200 day moving average price of $64.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 6.82 and a beta of 1.76. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent research reports. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Barclays dropped their target price on Taylor Morrison Home from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.