Dimensional Fund Advisors LP Sells 92,959 Shares of Taylor Morrison Home Corporation $TMHC

Dimensional Fund Advisors LP cut its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 6,344,475 shares of the construction company’s stock after selling 92,959 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Taylor Morrison Home worth $418,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Taylor Morrison Home during the 2nd quarter worth $93,627,000. Long Pond Capital LP grew its position in Taylor Morrison Home by 132.4% in the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock valued at $95,913,000 after acquiring an additional 889,616 shares during the last quarter. AQR Capital Management LLC raised its stake in Taylor Morrison Home by 118.0% during the second quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock worth $77,933,000 after acquiring an additional 689,286 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Taylor Morrison Home in the third quarter worth about $38,189,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Taylor Morrison Home by 47.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,208,689 shares of the construction company’s stock valued at $79,786,000 after purchasing an additional 388,959 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Bank of America reiterated a “neutral” rating on shares of Taylor Morrison Home in a research report on Tuesday. Citigroup initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Citizens Jmp initiated coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target for the company. Truist Financial assumed coverage on Taylor Morrison Home in a research report on Tuesday. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Zacks Research lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $78.29.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $63.65 on Thursday. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 8.91 and a beta of 1.58. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The company’s fifty day moving average is $63.50 and its 200 day moving average is $63.56. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36.

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.