Dimensional Fund Advisors LP Sells 349,887 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Dimensional Fund Advisors LP decreased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,332,958 shares of the construction company's stock after selling 349,887 shares during the quarter. Dimensional Fund Advisors LP owned 7.09% of Taylor Morrison Home worth $448,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc raised its stake in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock worth $202,000 after acquiring an additional 173 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Taylor Morrison Home by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock worth $944,000 after buying an additional 180 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after purchasing an additional 243 shares during the period. Finally, Savant Capital LLC lifted its holdings in Taylor Morrison Home by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after acquiring an additional 251 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home Price Performance

Shares of TMHC stock traded down $0.57 during mid-day trading on Friday, hitting $57.57. 224,989 shares of the stock traded hands, compared to its average volume of 901,268. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. 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 firm has a market cap of $5.86 billion, a price-to-earnings ratio of 6.94 and a beta of 1.76. The company's 50-day simple moving average is $59.25 and its 200-day simple moving average is $64.03.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, equities research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.86.

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.