Tri Pointe Homes Inc. (NYSE:TPH) saw a downside of -0.36% to close Friday at $27.37 after subtracting -$0.1 on the day. The 5-day average trading volume is 645,180 shares of the company’s common stock. It has gained $29.43 in the past week and touched a new high 2 times within the past 5 days. An average of 811,575 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 868,682.
TPH’s 1-month performance is -9.88% or -$2.23 on its low of $27.08 reached on 09/22/23. The company’s shares have touched a 52-week low of $14.59 and high of $34.04, with the stock’s rally to the 52-week high happening on 07/20/23. YTD, TPH has achieved 47.23% or $8.78 and has reached a new high 38 times. However, the current price is down -19.59% from the 52-week high price.
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Insider Transactions
TPH stock investors last saw insider trading activity on Aug 02.BURROWS LAWRENCE B. (Director) most recently sold 7,677 shares at $31.48 per share on Aug 02. This transaction cost the insider $241,672. CFO and CAO, KEELER GLENN J., sold 21,413 shares at a price of $33.01 on Jun 14. Then, on May 03, Chief Executive Officer BAUER DOUGLAS F. sold 19,076 shares at a price of $29.24 per share. This transaction amounted to $557,782.
Valuation Metrics
TPH stock has a beta of 1.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.64 while the price-to-book (PB) in the most recent quarter is 0.94, with the price to cash flow ratio at 3.45.
Tri Pointe Homes Inc.’s quick ratio for the period ended June 29 was 3.40, with the current ratio over the same period at 13.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.50, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 25.01%. The trailing 12-month EBITDA margin is 18.56% while for the period ending June 29, Tri Pointe Homes Inc.’s operating margin was 15.58%. The firm’s gross profit as reported stood at $770.55 million against revenue of $4.35 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. Net income shrunk -124.6% to $60.72 million, while revenue of $74.74 million was -23.09% off the previous quarter. Analysts expected TPH to announce $0.58 per share in earnings in its latest quarter, but it posted $0.6, representing a 3.40% surprise. EBITDA for the quarter stood at more than $82.6 million. Shareholders hold equity totaling $98.99 million.
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 22 September was 28.62% to suggest the stock is trending oversold, with historical volatility in this time period at 25.00%.
The stock’s 5-day moving average is $28.22, reflecting a -4.97% or -$1.43 change from its current price. TPH is currently trading -7.94% above its 20-day SMA, -3.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -17.63% and SMA200 by+51.13%.
Stochastic %K and %D was 4.30% and 9.09% and the average true range (ATR) pointed at 0.90. The RSI (14) points at 33.91%, while the 14-day stochastic is at 7.21% with the period’s ATR at 0.92. The stock’s 9-day MACD Oscillator is pointing at -0.96 and -1.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Tri Pointe Homes Inc. (NYSE: TPH), Oppenheimer upgraded it to an Outperform rating. They previously had a Perform rating on the stock. Analysts offering their rating for TPH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TPH as a “sell,”, while 2 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 $32.00 and a high of $48.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Tri Pointe Homes Inc. (TPH) stock is $38.33.
