American Century Companies Inc. Purchases 110,619 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• American Century Companies Inc. increased its holdings in Taylor Morrison Home Corporation by 14.4% during the first quarter, now owning $52.67 million worth of shares.
• A significant majority, 95.16%, of Taylor Morrison's stock is owned by institutional investors and hedge funds, indicating strong confidence in the company.
• Despite mixed analyst ratings, Taylor Morrison Home reported a quarterly revenue of $2.03 billion, exceeding estimates, with earnings of $2.02 per share, outperforming the expectations of $1.94.

American Century Companies Inc. grew its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 14.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 877,305 shares of the construction company's stock after buying an additional 110,619 shares during the period. American Century Companies Inc. owned approximately 0.87% of Taylor Morrison Home worth $52,673,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TMHC. Raymond James Financial Inc. bought a new position in Taylor Morrison Home during the 4th quarter worth $5,031,000. Marshall Wace LLP increased its position in Taylor Morrison Home by 1,454.1% during the 4th quarter. Marshall Wace LLP now owns 87,031 shares of the construction company's stock worth $5,327,000 after buying an additional 81,431 shares during the period. Canada Pension Plan Investment Board increased its position in Taylor Morrison Home by 169.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 78,700 shares of the construction company's stock worth $4,817,000 after buying an additional 49,500 shares during the period. First Trust Advisors LP increased its position in Taylor Morrison Home by 6.0% during the 4th quarter. First Trust Advisors LP now owns 119,862 shares of the construction company's stock worth $7,337,000 after buying an additional 6,777 shares during the period. Finally, MetLife Investment Management LLC increased its position in Taylor Morrison Home by 7.3% during the 4th quarter. MetLife Investment Management LLC now owns 118,151 shares of the construction company's stock worth $7,232,000 after buying an additional 8,003 shares during the period. Institutional investors own 95.16% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Bank of America initiated coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $76.88.

Taylor Morrison Home Trading Up 5.5%

Shares of Taylor Morrison Home stock traded up $3.5910 during midday trading on Friday, reaching $69.4110. The company had a trading volume of 1,928,815 shares, compared to its average volume of 1,179,539. The stock has a fifty day moving average price of $63.23 and a 200 day moving average price of $60.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. The firm has a market cap of $6.97 billion, a PE ratio of 8.02 and a beta of 1.53. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share. On average, equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the sale, the chief financial officer directly owned 14,163 shares in the company, valued at approximately $923,710.86. The trade was a 40.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Company 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.