Tri Pointe Homes Inc. (NYSE:TPH) finished Friday with a subtraction of -$0.03 to close at $31.99, a downside of -0.09 percent. An average of 692,740 shares of common stock have been traded in the last five days. There was a gain of $0.35 in the past week, and it reached a new high 38 times over the past 12 months. The last 20 days have seen an average of 926,685 shares traded, while the 50-day average volume stands at 1,090,756.
TPH stock has decreased by -3.73% in the last month. The company shares reached their 1-month lowest point of $29.84 on 07/27/23. With the stock rallying to its 52-week high on 07/20/23, shares of the company touched a low of $14.59 and a high of $34.04 in 52 weeks. It has reached a new high 38 times so far this year and achieved 72.08% or $13.40 in price. In spite of this, the price is down -6.02% from the 52-week high.
Insider Transactions
TPH stock investors should be aware that Tri Pointe Homes Inc. (TPH) stock had its last reported insider trading activity 10 days ago on Aug 02. In this transaction, the insider spent $241,672. CFO and CAO, KEELER GLENN J., disposed of 21,413 shares at a price of $33.01 on Jun 14. The insider now owns more than $706,843 worth of shares. Prior to that, Chief Executive Officer BAUER DOUGLAS F. went on to Sale 19,076 shares at $29.24 each on May 03. An amount of $557,782 was transacted.
Valuation Metrics
Tri Pointe Homes Inc. (TPH) has a trailing price-to-earnings (P/E) ratio of 6.70. The stock’s beta is 1.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.73, the price-to-book (PB) ratio at 1.10, and the price-to-cash flow ratio at 3.92.
Financial Health
Further, the company has a long term debt to equity ratio of 0.48 and a total debt to equity ratio of 0.48 for the quarter ending June 29. Its gross profit as reported stood at $770.55 million compared to revenue of $4.35 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tri Pointe Homes Inc.’s return on assets was 10.40%.
Earnings Surprise
For the three-month period that ended June 29, Tri Pointe Homes Inc. had $287.43 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $60.72 million in the quarter, while revenues of $74.74 million were shrunk -124.6%. The analyst consensus anticipated Tri Pointe Homes Inc.’s latest quarter earnings to come in at $0.58 per share, but it turned out to be $0.6, a 3.40% surprise. For the quarter, EBITDA amounted to $82.6 million. At the end of the quarter ending June 29, Tri Pointe Homes Inc.’s stock balance sheet showed total debt was $1.46 billion. Shareholders own equity worth $98.99 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Tri Pointe Homes Inc. (TPH) price momentum. RSI 9-day as of the close on 11 August was 49.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.72%.
As of today, TPH’s price is $32.21 +1.11% or $0.35 from its 5-day moving average. TPH is currently trading -4.99% lower than its 20-day SMA and +31.38% higher than its 100-day SMA. However, the stock’s current price level is +9.52% above the SMA50 and +104.80% above the SMA200.
The stochastic %K and %D were 62.90% and 63.20%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 60.73% and the average true range at 0.97, the RSI (14) stands at 50.06%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.23.
Analyst Ratings
Wolfe Research upgraded Tri Pointe Homes Inc. (NYSE: TPH) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform. The consensus rating for Tri Pointe Homes Inc. (TPH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TPH, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is TPH’s price target for the next 12 months?
Analysts predict a range of price targets between $32.00 and $48.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for Tri Pointe Homes Inc. (TPH) stock is $38.80.
