Dimensional Fund Advisors LP Raises Stock Position in Taylor Morrison Home Corporation $TMHC

Dimensional Fund Advisors LP boosted its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,412,420 shares of the construction company’s stock after acquiring an additional 10,619 shares during the period. Dimensional Fund Advisors LP owned 6.86% of Taylor Morrison Home worth $373,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. boosted its stake in Taylor Morrison Home by 2.7% during the fourth quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock valued at $46,978,000 after buying an additional 21,150 shares during the period. SG Americas Securities LLC grew its position in Taylor Morrison Home by 521.5% during the fourth quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock worth $1,271,000 after buying an additional 18,116 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Taylor Morrison Home by 12.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 649,140 shares of the construction company’s stock worth $38,215,000 after acquiring an additional 70,600 shares during the last quarter. M&T Bank Corp increased its stake in Taylor Morrison Home by 28,246.3% in the 4th quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after acquiring an additional 1,054,436 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Taylor Morrison Home by 96.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,302,940 shares of the construction company’s stock worth $76,704,000 after acquiring an additional 638,321 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TMHC. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Seaport Research Partners restated a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Raymond James Financial downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Finally, Truist Financial dropped their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Stock Up 0.0%

TMHC opened at $72.47 on Wednesday. The business’s fifty day simple moving average is $68.06 and its 200 day simple moving average is $64.02. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week high of $72.50. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.77 billion, a PE ratio of 10.82, a P/E/G ratio of 1.70 and a beta of 1.44.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. The company’s revenue was down 26.8% compared to the same quarter last year. As a group, research analysts expect that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal year.

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.