The price of Tri Pointe Homes Inc. (NYSE:TPH) shares last traded on Wall Street rose 0.65% to $29.33.
Based on available information, 7 analysts follow Tri Pointe Homes Inc. (NYSE:TPH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $29.00, we find $34.00. Given the previous closing price of $29.14, this indicates a potential upside of 16.68 percent. TPH stock price is now 7.82% away from the 50-day moving average and 3.93% away from the 200-day moving average. The market capitalization of the company currently stands at $2.85B.
Among analysts, 2 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $34.67 as their price target over the next twelve months.
With the price target maintained at $36, Oppenheimer recently Upgraded its rating from Perform to Outperform for Tri Pointe Homes Inc. (NYSE: TPH).
In other news, BURROWS LAWRENCE B., Director sold 7,677 shares of the company’s stock on Aug 02. The stock was sold for $241,672 at an average price of $31.48. Upon completion of the transaction, the Director now directly owns 86,891 shares in the company, valued at $2.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14, CFO and CAO KEELER GLENN J. sold 21,413 shares of the business’s stock. A total of $706,843 was realized by selling the stock at an average price of $33.01. This leaves the insider owning 102,194 shares of the company worth $3.0 million. Insiders disposed of 428,363 shares of company stock worth roughly $12.56 million over the past 1 year. A total of 2.29% of the company’s stock is owned by insiders.
During the past 12 months, Tri Pointe Homes Inc. has had a low of $17.52 and a high of $34.04. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 11.38, and a quick ratio of 2.52. The fifty day moving average price for TPH is $27.20 and a two-hundred day moving average price translates $28.22 for the stock.
The latest earnings results from Tri Pointe Homes Inc. (NYSE: TPH) was released for Sep, 2023. According to the Residential Construction Company, earnings per share came in at $0.76, beating analysts’ expectations of $0.57 by 0.19. This compares to $1.45 EPS in the same period last year. The net profit margin was 10.40% and return on equity was 14.92% for TPH. The company reported revenue of $838.52 million for the quarter, compared to $1.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.77 percent. For the current quarter, analysts expect TPH to generate $1.19B in revenue.
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.
