American Century Companies Inc. Increases Stock Position in Taylor Morrison Home Corporation $TMHC

American Century Companies Inc. boosted its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,135,097 shares of the construction company’s stock after acquiring an additional 65,238 shares during the period. American Century Companies Inc. owned 1.16% of Taylor Morrison Home worth $74,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC increased its holdings in Taylor Morrison Home by 97.3% during the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after purchasing an additional 19,098 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of Taylor Morrison Home in the 2nd quarter worth approximately $359,000. Nordea Investment Management AB increased its stake in shares of Taylor Morrison Home by 10.0% during the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock valued at $12,689,000 after buying an additional 17,595 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Taylor Morrison Home during the third quarter valued at approximately $2,088,000. Finally, Pacer Advisors Inc. purchased a new stake in Taylor Morrison Home in the third quarter worth $1,357,000. 95.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TMHC shares. Barclays reduced their price objective on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Royal Bank Of Canada boosted their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Citigroup began coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Zacks Research lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Citizens Jmp initiated coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price objective for the company. Six 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 MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average target price of $78.29.

Taylor Morrison Home Stock Down 1.5%

NYSE:TMHC opened at $63.63 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. The firm has a market cap of $6.13 billion, a P/E ratio of 8.20, a P/E/G ratio of 9.02 and a beta of 1.58. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The firm has a 50-day simple moving average of $63.42 and a two-hundred day simple moving average of $63.56.

Taylor Morrison Home 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.