Research Recommendations For Tri Pointe Homes Inc. (TPH): Here is What You Should Know

Tri Pointe Homes Inc. (NYSE:TPH) saw a downside of -0.26% to close Tuesday at $22.68 after subtracting -$0.06 on the day. The 5-day average trading volume is 1,183,240 shares of the company’s common stock. It has gained $23.01 in the past week. An average of 1,313,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,102,398.

TPH’s 1-month performance is 2.44% or $0.73 on its low of $20.98 reached on 10/01/21. The company’s shares have touched a 52-week low of $16.14 and high of $26.35, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, TPH has achieved 31.48% or $5.43. However, the current price is down -13.93%% from the 52-week high price.


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Insider Transactions

On Sep 01, 42 days have gone by since the last insider trading activity for Tri Pointe Homes Inc. (TPH). BAUER DOUGLAS F. (Chief Executive Officer) most recently sold 81,295 shares at $24.19 per share on Sep 01. This transaction cost the insider $1,966,526. Chief Executive Officer, BAUER DOUGLAS F., sold 30,787 shares at a price of $24.11 on Aug 30. Then, on Aug 27, Chief Executive Officer BAUER DOUGLAS F. sold 200,000 shares at a price of $24.14 per share. This transaction amounted to $4,828,000.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 16.76 and a low of 4.176. TPH stock has a beta of 1.46. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.71 while the price-to-book (PB) in the most recent quarter is 1.16, with the price to cash flow ratio at 5.16.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.59, while the total debt to equity was 0.59. In terms of profitability, the gross margin trailing 12 months is 23.90%. The trailing 12-month EBITDA margin is 12.44% while for the period ending June 29; Tri Pointe Homes Inc.’s operating margin was 13.70%. The firm’s gross profit as reported stood at $370.53 million against revenue of $3.26 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TPH to announce $0.83 per share in earnings in its latest quarter, but it posted $1, representing a 20.50% surprise. EBITDA for the quarter stood at more than $166.55 million. TPH stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.4 billion. Shareholders hold equity totaling $113.79 million

Technical Picture

Let’s look briefly at Tri Pointe Homes Inc. (TPH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 60.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.56%.

The stock’s 5-day moving average is $22.55, reflecting a +2.49% or $0.55 change from its current price. TPH is currently trading +3.51% above its 20-day SMA, -3.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.26% and +27.34% respectively.

Stochastic %K and %D was 85.69% and 83.12% and the average true range (ATR) pointed at 0.58. The RSI (14) points at 54.68%, while the 14-day stochastic is at 83.74% with the period’s ATR at 0.61. The stock’s 9-day MACD Oscillator is pointing at 0.55 and 0.66 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Tri Pointe Homes Inc. (NYSE: TPH), RBC Capital Mkts downgraded it to an Underperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for TPH stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TPH as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is TPH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $22.00 and a high of $38.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for Tri Pointe Homes Inc. (TPH) stock is $29.43.

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