As of Wednesday close, Tri Pointe Homes Inc.’s (NYSE:TPH) stock was down -$0.65, moving down -2.00 percent to $31.77. The average number of shares traded per day over the past five days has been 762,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.42 fall in that time frame. In the last twenty days, the average volume was 926,565, while in the previous 50 days, it was 1,073,126.
Since last month, TPH stock retreated -5.08%. Shares of the company fell to $29.84 on 07/27/23, the lowest level in the past month. A 52-week high of $34.04 was reached on 07/20/23 after having rallying from a 52-week low of $14.59. Since the beginning of this year, TPH’s stock price has risen by 70.90% or $13.18, and marked a new high 38 times. However, the stock has declined by -6.67% since its 52-week high.
TPH stock investors should be aware that Tri Pointe Homes Inc. (TPH) stock had its last reported insider trading activity 15 days ago on Aug 02. BURROWS LAWRENCE B., the Director of the company, disposed of 7,677 shares for $31.48 on Aug 02. It resulted in a $241,672 divestment by the insider. KEELER GLENN J. sold 21,413 shares at an average price of $33.01 on Jun 14. The insider now owns 102,194 shares following the transaction. On May 03, Chief Executive Officer BAUER DOUGLAS F. sold 19,076 shares at $29.24 apiece. The transaction was valued at $557,782.
Valuation Metrics
Right now, Tri Pointe Homes Inc. (TPH) has a P/E ratio of about 6.66. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.75, the price-to-book (PB) ratio of 1.09, and the price-to-cash flow ratio of 4.02 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.48, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 25.20% percent. In the year ended June 29, operating margins totaled 15.10%. Based on annual data, TPH earned $770.55 million in gross profit and brought in $4.35 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.80%. Return on equity (ROE) for the past 12 months was 17.40%.
In Tri Pointe Homes Inc.’s quarter-end financial report for June 29, it reported total debt of $287.43 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TPH’s revenue fell -30.27% to $879.82 million during the quarter, while net income inched up to $917.81 million. While analysts expected Tri Pointe Homes Inc. to report $0.58 quarterly earnings, the actual figure was $0.6 per share, beating the consensus estimate by 3.40%. During the quarter, the company generated $82.6 million in EBITDA. The value of shareholders’ equity is $98.99 million.
Technical Picture
This quick technical analysis looks at Tri Pointe Homes Inc.’s (TPH) price momentum. With a historical volatility rate of 23.58%, the RSI 9-day stood at 46.18% on 16 August.
With respect to its five-day moving average, the current Tri Pointe Homes Inc. price is down by -1.30% percent or -$0.42. At present, TPH shares trade -5.64% below its 20-day simple moving average and +29.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.78% above its SMA50 and +88.88% above its SMA200.
Stochastic coefficient K was 74.58% and Stochastic coefficient D was 72.11%, while ATR was 0.94. Given the Stochastic reading of 58.78% for the 14-day period, the RSI (14) reading has been calculated as 48.10%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.24.
Analyst Ratings
Wolfe Research upgraded its rating on Tri Pointe Homes Inc. (NYSE: TPH) to an Outperform in a note to investors on August 07, 2023. The analysts firm previously had a Peer perform rating on the stock.Tri Pointe Homes Inc. (TPH) has been rated Overweight by analysts. According to 0 brokerage firms, TPH is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Tri Pointe Homes Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $38.00, the current consensus forecast for the stock is $32.00 – $48.00. Based on these forecasts, analysts predict Tri Pointe Homes Inc. (TPH) will achieve an average price target of $38.80.
