American Century Companies Inc. Sells 463,565 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

American Century Companies Inc. trimmed its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 766,686 shares of the construction company's stock after selling 463,565 shares during the quarter. American Century Companies Inc. owned 0.74% of Taylor Morrison Home worth $46,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock valued at $350,455,000 after acquiring an additional 136,432 shares during the period. Principal Financial Group Inc. lifted its holdings in Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after acquiring an additional 69,222 shares during the period. Fisher Asset Management LLC lifted its holdings in Taylor Morrison Home by 9.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock valued at $76,835,000 after acquiring an additional 103,289 shares during the period. William Blair Investment Management LLC boosted its position in Taylor Morrison Home by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 781,005 shares of the construction company's stock worth $47,805,000 after purchasing an additional 18,903 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Taylor Morrison Home by 2.1% during the 4th quarter. Assetmark Inc. now owns 760,920 shares of the construction company's stock worth $46,576,000 after purchasing an additional 15,819 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home Stock Down 0.3 %

Shares of TMHC traded down $0.20 during mid-day trading on Monday, reaching $59.78. 229,490 shares of the stock traded hands, compared to its average volume of 875,091. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 7.22 and a beta of 2.06. The stock has a fifty day simple moving average of $62.41 and a 200 day simple moving average of $65.71. 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 Co. has a 12-month low of $53.17 and a 12-month high of $75.49.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on TMHC. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price objective 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. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of "Moderate Buy" and an average target price 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.