In yesterday’s Wall Street session, Tri Pointe Homes Inc. (NYSE:TPH) shares traded at $34.22, up 1.81% from the previous session.
TPH stock price is now -1.62% away from the 50-day moving average and 9.16% away from the 200-day moving average. The market capitalization of the company currently stands at $3.27B.
With the price target maintained at $38, RBC Capital Mkts recently Upgraded its rating from Sector Perform to Outperform for Tri Pointe Homes Inc. (NYSE: TPH). On December 18, 2023, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $32, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, MITCHELL THOMAS J., President and COO sold 51,533 shares of the company’s stock on Mar 13 ’24. The stock was sold for $1,814,992 at an average price of $35.22. Upon completion of the transaction, the President and COO now directly owns 785,543 shares in the company, valued at $26.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’23, Director BURROWS LAWRENCE B. sold 7,677 shares of the business’s stock. A total of $241,672 was realized by selling the stock at an average price of $31.48. This leaves the insider owning 86,891 shares of the company worth $2.97 million. A total of 2.50% of the company’s stock is owned by insiders.
During the past 12 months, Tri Pointe Homes Inc. has had a low of $23.00 and a high of $36.43. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 13.34, and a quick ratio of 3.29. The fifty day moving average price for TPH is $34.79 and a two-hundred day moving average price translates $31.37 for the stock.
The latest earnings results from Tri Pointe Homes Inc. (NYSE: TPH) was released for Dec, 2023. According to the Residential Construction Company, earnings per share came in at $1.36, beating analysts’ expectations of $1.18 by 0.18. This compares to $1.95 EPS in the same period last year. The net profit margin was 9.25% and return on equity was 11.76% for TPH. The company reported revenue of $1.26 billion for the quarter, compared to $1.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.28 percent. For the current quarter, analysts expect TPH to generate $882.3M in revenue.
