American Century Companies Inc. Decreases Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

American Century Companies Inc. cut its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 37.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 766,686 shares of the construction company’s stock after selling 463,565 shares during the period. American Century Companies Inc.’s holdings in Taylor Morrison Home were worth $46,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lord Abbett & CO. LLC increased its position in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after acquiring an additional 11,302 shares during the period. Principal Financial Group Inc. grew its stake in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $550,000. Quantbot Technologies LP acquired a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $1,925,000. Finally, Citigroup Inc. raised its stake in shares of Taylor Morrison Home by 61.7% during the third quarter. Citigroup Inc. now owns 170,960 shares of the construction company’s stock worth $12,012,000 after purchasing an additional 65,252 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 0.6 %

TMHC opened at $61.27 on Friday. The firm’s 50 day moving average is $62.52 and its 200-day moving average is $65.71. The firm has a market capitalization of $6.23 billion, a P/E ratio of 7.40 and a beta of 2.06. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TMHC shares. Wolfe Research raised 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 report on Wednesday, January 8th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.43.

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.