Amalgamated Bank Sells Shares of Taylor Morrison Home

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TMHC Stock Fair Value – The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The Company operates through three segments: Homebuilding and Land Development, Mortgage Banking and Title Services, and Other Activities. It is engaged in homebuilding and developing operations in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

The Company offers a range of home designs, including single-family detached homes, townhouses, condominiums and duplexes. The Company operates through its subsidiaries, including Taylor($NYSE:TMHC) Morrison Services, Inc., Taylor Morrison Sales and Marketing Services, Inc., Taylor Morrison Insurance Agency, Inc., Taylor Morrison Mortgage Company, Inc., Taylor Morrison Title Services, LLC and Taylor Morrison Escrow Services, LLC.

Stock Price

On Monday, TAYLOR MORRISON HOME stock opened at $23.2 and closed at $22.8, down 2.8% from the previous day’s closing price of 23.5. Despite the dip in share price, analysts remain optimistic about the company’s prospects, citing its strong track record and management team.

VI Analysis – TMHC Stock Fair Value Calculator

TAYLOR MORRISON HOME’s fundamentals reflect its long-term potential, and the company’s share price is currently undervalued by 35%. The VI app makes it easy to see that the fair value of TAYLOR MORRISON HOME’s share is around $35.0.

Summary

Investing in Taylor Morrison Home may be a good idea for some investors, as the company has seen its shares rise after Amalgamated Bank sold its stake in the company. The move by Amalgamated Bank comes as something of a surprise, as the bank had been a long-time shareholder in Taylor Morrison.

However, it appears that the bank believes that now is a good time to sell, and investors may want to take note. The reason for the sale is not entirely clear, but it could be due to the fact that Taylor Morrison has been underperforming in recent quarters. However, the company’s share price has still managed to rise, and it is possible that the bank believes that now is a good time to cash in on its investment. Investors should do their own research before making any investment decisions, but the sale by Amalgamated Bank could be a sign that now is a good time to buy shares of Taylor Morrison.