Taylor Morrison Home Corporation $TMHC Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 21.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,069,859 shares of the construction company’s stock after purchasing an additional 192,554 shares during the quarter. American Century Companies Inc. owned about 1.07% of Taylor Morrison Home worth $65,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of Taylor Morrison Home by 0.5% in the second quarter. Franklin Resources Inc. now owns 1,043,809 shares of the construction company’s stock valued at $64,111,000 after purchasing an additional 4,904 shares during the period. Nuveen LLC bought a new position in Taylor Morrison Home in the 1st quarter worth approximately $51,329,000. Assetmark Inc. increased its position in Taylor Morrison Home by 5.6% in the 2nd quarter. Assetmark Inc. now owns 827,090 shares of the construction company’s stock valued at $50,800,000 after acquiring an additional 43,905 shares during the period. Millennium Management LLC raised its stake in Taylor Morrison Home by 27.9% during the 1st quarter. Millennium Management LLC now owns 766,261 shares of the construction company’s stock valued at $46,006,000 after acquiring an additional 167,366 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Taylor Morrison Home by 8.6% during the 1st quarter. Ameriprise Financial Inc. now owns 696,078 shares of the construction company’s stock valued at $41,795,000 after acquiring an additional 54,908 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TMHC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Taylor Morrison Home in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Royal Bank Of Canada dropped their price target on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, Bank of America decreased their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $75.29.

Insiders Place Their Bets

In related news, CEO Sheryl Palmer sold 13,513 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the transaction, the chief executive officer directly owned 370,475 shares of the company’s stock, valued at approximately $26,696,428.50. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne L. Mariucci sold 14,002 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the sale, the director owned 48,191 shares of the company’s stock, valued at $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $63.42 on Friday. The company has a 50-day moving average of $61.94 and a two-hundred day moving average of $62.62. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 7.64 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.42.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $2.40 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Taylor Morrison Home 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.