Dimensional Fund Advisors LP Sells 594,592 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• Dimensional Fund Advisors LP reduced its stake in Taylor Morrison Home Corporation by 8.1%, selling 594,592 shares, and now holds approximately 6.71% of the company valued at $404.57 million.
• Analysts have mixed ratings on Taylor Morrison Home, with a consensus rating of "Buy" and a target price averaging around $76.88, while several firms have set price objectives between $69.00 and $85.00.
• In recent activity, CFO Curtis Vanhyfte sold 9,754 shares, decreasing his ownership by 40.78%, which raises questions about insider sentiment.

Dimensional Fund Advisors LP decreased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,738,366 shares of the construction company's stock after selling 594,592 shares during the period. Dimensional Fund Advisors LP owned about 6.71% of Taylor Morrison Home worth $404,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TMHC. Envestnet Asset Management Inc. increased its holdings in shares of Taylor Morrison Home by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 166,145 shares of the construction company's stock worth $10,170,000 after buying an additional 5,319 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Taylor Morrison Home by 19.8% during the fourth quarter. Cerity Partners LLC now owns 21,196 shares of the construction company's stock worth $1,362,000 after purchasing an additional 3,507 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Taylor Morrison Home by 6.1% during the fourth quarter. Bank of Montreal Can now owns 18,489 shares of the construction company's stock worth $1,132,000 after purchasing an additional 1,071 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Taylor Morrison Home during the 4th quarter worth about $5,031,000. Finally, Sterling Capital Management LLC increased its stake in shares of Taylor Morrison Home by 835.0% during the 4th quarter. Sterling Capital Management LLC now owns 3,282 shares of the construction company's stock worth $201,000 after purchasing an additional 2,931 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Activity

In related news, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the completion of the transaction, the chief financial officer owned 14,163 shares of the company's stock, valued at $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wedbush restated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Bank of America initiated coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Buy" and a consensus price target of $76.88.

Taylor Morrison Home Trading Down 2.7%

Shares of TMHC stock traded down $1.8040 during trading hours on Thursday, hitting $64.8860. 528,281 shares of the company's stock traded hands, compared to its average volume of 1,073,870. The stock's 50 day simple moving average is $62.87 and its 200 day simple moving average is $60.53. The stock has a market cap of $6.51 billion, a PE ratio of 7.50 and a beta of 1.53. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share. On average, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.