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

Key Points

• Dimensional Fund Advisors sold 92,959 shares in Q3 (a 1.4% reduction), leaving it with 6,344,475 shares—about 6.49% of Taylor Morrison worth roughly $418.8 million.
• Other institutions made sizable moves: Norges Bank opened a new ~<$93.6M> stake, Long Pond and AQR more than doubled their positions (Long Pond +132.4% to 1.56M shares; AQR +118% to 1.27M), Victory Capital increased holdings by 47.4%, and institutional ownership stands at about 95.16%.
• Analyst sentiment is broadly positive with an average rating of "Moderate Buy" and a mean price target of $78.29; recent activity includes RBC raising its target to $68 (outperform) and Truist initiating coverage with an $85 buy, although Weiss cut its rating to hold.

Dimensional Fund Advisors LP reduced its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,344,475 shares of the construction company's stock after selling 92,959 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.49% of Taylor Morrison Home worth $418,802,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Taylor Morrison Home during the 2nd quarter valued at $93,627,000. Long Pond Capital LP increased its holdings in shares of 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 purchasing an additional 889,616 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Taylor Morrison Home by 118.0% in the second quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company's stock valued at $77,933,000 after purchasing an additional 689,286 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth about $38,189,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Taylor Morrison Home by 47.4% during the 3rd quarter. Victory Capital Management Inc. now owns 1,208,689 shares of the construction company's stock worth $79,786,000 after buying an additional 388,959 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 0.1%

Shares of NYSE:TMHC opened at $63.65 on Thursday. The business's 50 day simple moving average is $63.50 and its 200 day simple moving average is $63.56. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $72.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55. The company has a market capitalization of $6.13 billion, a P/E ratio of 8.20, a P/E/G ratio of 8.91 and a beta of 1.58.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, February 12th. Truist Financial began coverage on Taylor Morrison Home in a research note on Tuesday. They set a "buy" rating and a $85.00 target price on the stock. Bank of America reissued a "neutral" rating on shares of Taylor Morrison Home in a report on Tuesday. Citigroup initiated coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued an "outperform" rating on the stock. Finally, Weiss Ratings cut Taylor Morrison Home from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 20th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.29.

Taylor Morrison Home Company Profile

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.

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