Sun Sep 15 12:17:04 UTC 2024: ## American Century Companies Cuts Stake in Taylor Morrison Home, Insider Sales Continue

**New York, NY** – American Century Companies Inc., a prominent investment firm, reduced its stake in Taylor Morrison Home Co. (NYSE: TMHC) by 6.5% during the second quarter, according to Holdings Channel. The firm now owns 1,459,962 shares of the construction company, worth approximately $80.94 million.

The move comes as several other hedge funds have also adjusted their positions in Taylor Morrison Home. Notably, Rise Advisors LLC, ICA Group Wealth Management LLC, Thurston Springer Miller Herd & Titak Inc., Private Wealth Management Group LLC, and Fidelis Capital Partners LLC all acquired new positions in the company during various periods.

Despite these transactions, institutional investors and hedge funds maintain a significant ownership of 95.16% of the company’s stock.

Meanwhile, insider trading activity continues to be a focus. Director William H. Lyon sold a total of 30,000 shares of the company’s stock in July, generating over $2 million in revenue. These sales, disclosed in SEC filings, bring his current ownership to approximately 2,195,316 shares, valued at over $149 million.

Taylor Morrison Home’s stock opened at $68.66 on Friday, after experiencing a 12-month low of $37.23 and a 12-month high of $69.62. The company currently boasts a market capitalization of $7.16 billion and a price-to-earnings ratio of 9.82.

Analysts have mixed views on the company’s future. StockNews.com downgraded Taylor Morrison Home from a “buy” to a “hold” rating, while BTIG Research upgraded it from “neutral” to “buy”. Other firms like Raymond James, Royal Bank of Canada, and Wedbush have also issued reports on the company, with various target prices ranging from $65.00 to $78.00.

Overall, the company has received an average “Moderate Buy” rating from analysts, with a consensus price target of $70.17.

Taylor Morrison Home Corporation, with its subsidiaries, operates as a public homebuilder in the United States, designing, building, and selling single and multi-family homes. The company also develops lifestyle and master-planned communities, including multi-use properties under the Urban Form brand.

Read More