The stock of Tri Pointe Homes Inc. (NYSE:TPH) last traded at $31.88, up 2.64% from the previous session.
Data from the available sources indicates that Tri Pointe Homes Inc. (NYSE:TPH) is covered by 7 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $48.00 and a low of $30.00, we find $36.00. Given the previous closing price of $31.06, this indicates a potential upside of 15.9 percent. TPH stock price is now 0.88% away from the 50-day moving average and 32.00% away from the 200-day moving average. The market capitalization of the company currently stands at $3.08B.
In total, 4 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $37.50 as their price target over the next twelve months.
With the price target of $42, Deutsche Bank recently initiated with Buy rating for Tri Pointe Homes Inc. (NYSE: TPH).
In other news, KEELER GLENN J., CFO and CAO sold 21,413 shares of the company’s stock on Jun 14. The stock was sold for $706,843 at an average price of $33.01. Upon completion of the transaction, the CFO and CAO now directly owns 102,194 shares in the company, valued at $3.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03, Chief Executive Officer BAUER DOUGLAS F. sold 19,076 shares of the business’s stock. A total of $557,782 was realized by selling the stock at an average price of $29.24. This leaves the insider owning 423,514 shares of the company worth $13.5 million. Insiders disposed of 417,486 shares of company stock worth roughly $13.31 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TPH stock. A new stake in Tri Pointe Homes Inc. shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $12,193,000. EA SERIES TRUST invested $6,459,000 in shares of TPH during the first quarter. In the first quarter, NICHOLAS INVESTMENT PARTNERS, LP acquired a new stake in Tri Pointe Homes Inc. valued at approximately $5,175,000. JUMP FINANCIAL, LLC acquired a new stake in TPH for approximately $4,869,000. ACADIAN ASSET MANAGEMENT LLC purchased a new stake in TPH valued at around $2,842,000 in the second quarter. In total, there are 382 active investors with 102.35% ownership of the company’s stock.
With an opening price of $31.06 on Monday morning, Tri Pointe Homes Inc. (NYSE: TPH) set off the trading day. During the past 12 months, Tri Pointe Homes Inc. has had a low of $14.59 and a high of $34.04. The fifty day moving average price for TPH is $31.65 and a two-hundred day moving average price translates $24.23 for the stock.
The latest earnings results from Tri Pointe Homes Inc. (NYSE: TPH) was released for Jun, 2023. The net profit margin was 11.60% and return on equity was 17.40% for TPH. The company reported revenue of $837.33 million for the quarter, compared to $1.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.72 percent.
Tri Pointe Homes Inc.(TPH) Company Profile
Tri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia. It operates active selling communities, and owned or controlled lots. The company sells its homes through own sales representatives and independent real estate brokers. It also provides financial services, such as mortgage financing, title and escrow, and property and casualty insurance agency services. The company was formerly known as TRI Pointe Group, Inc. and changed its name to Tri Pointe Homes, Inc. in January 2021. Tri Pointe Homes, Inc. was founded in 2009 and is based in Incline Village, Nevada.
