Dimensional Fund Advisors LP Boosts Holdings in Taylor Morrison Home Corporation $TMHC

Dimensional Fund Advisors LP lifted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 0.2% in the first quarter, HoldingsChannel reports. The fund owned 6,412,420 shares of the construction company’s stock after buying an additional 10,619 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Taylor Morrison Home worth $373,453,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Miller Capital Partners Inc. purchased a new position in Taylor Morrison Home in the 4th quarter worth $27,000. Brown Brothers Harriman & Co. bought a new stake in Taylor Morrison Home in the fourth quarter worth $33,000. Root Financial Partners LLC boosted its position in Taylor Morrison Home by 65.7% during the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after buying an additional 253 shares during the period. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home during the fourth quarter valued at about $40,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $72.47 on Wednesday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $68.06 and a 200-day moving average price of $64.02. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last posted its 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 company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the firm earned $2.07 earnings per share. Taylor Morrison Home’s quarterly revenue was down 26.8% on a year-over-year basis. As a group, equities analysts anticipate that Taylor Morrison Home Corporation will post 5.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Raymond James Financial cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Wolfe Research cut Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Finally, Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Hold” and an average target price of $77.43.

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.