375 institutions hold shares in Tri Pointe Homes Inc. (TPH), with 2.34M shares held by insiders accounting for 1.96% while institutional investors hold 107.24% of the company’s shares. The shares outstanding are 123.91M, and float is at 118.01M with Short Float at 6.19%. Institutions hold 105.14% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 16.16 million shares valued at $278.71 million. The investor’s holdings represent 13.54% of the TPH Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.84 million shares valued at $204.19 million to account for 9.92% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 9.14 million shares representing 7.66% and valued at over $157.65 million, while FMR, LLC holds 5.11% of the shares totaling 6.1 million with a market value of $105.18 million.
Tri Pointe Homes Inc. (NYSE: TPH) is 20.99% higher on its value in year-to-date trading and has touched a low of $7.31 and a high of $22.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TPH stock was last observed hovering at around $20.16 in the last trading session, with the day’s gains setting it 0.71% off its average median price target of $25.50 for the next 12 months. It is also 32.68% off the consensus price target high of $31.00 offered by 8 analysts, but current levels are -4.35% lower than the price target low of $20.00 for the same period.
Currently trading at $20.87, the stock is 5.73% and 4.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 3.52% at the moment leaves the stock 17.81% off its SMA200. TPH registered 113.83% gain for a year compared to 6-month gain of 23.20%. The firm has a 50-day simple moving average (SMA 50) of $19.87 and a 200-day simple moving average (SMA200) of $18.48.
The stock witnessed a 12.63% loss in the last 1 month and extending the period to 3 months gives it a 20.36%, and is 5.51% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.97% over the week and 4.70% over the month.
Tri Pointe Homes Inc. (TPH) has around 1163 employees, a market worth around $2.41B and $3.26B in sales. Current P/E ratio is 9.49 and Fwd P/E is 6.96. Profit margin for the company is 8.70%. Distance from 52-week low is 185.50% and -5.86% from its 52-week high. The company has generated returns on investments over the last 12 months (7.80%).
Tri Pointe Homes Inc. (TPH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tri Pointe Homes Inc. (TPH) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.10, where 3 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Tri Pointe Homes Inc. is expected to release its quarterly report on 04/22/2021 and quarterly earnings per share for the current quarter are estimated at $0.47 with sales reaching $740.74M over the same period.The EPS is expected to grow by 48.20% this year, but quarterly earnings will post 11.50% year-over-year. Quarterly sales are estimated to grow 24.40% in year-over-year returns.
Tri Pointe Homes Inc. (TPH) Insider Activity
A total of 28 insider transactions have happened at Tri Pointe Homes Inc. (TPH) in the last six months, with sales accounting for 20 and purchases happening 8 times. The most recent transaction is an insider sale by GILBERT STEVEN J, the company’s Director. SEC filings show that GILBERT STEVEN J sold 6,972 shares of the company’s common stock on Mar 10 at a price of $20.43 per share for a total of $0.14 million. Following the sale, the insider now owns 56892.0 shares.
Tri Pointe Homes Inc. disclosed in a document filed with the SEC on Mar 09 that KEELER GLENN J. (CFO, Treasurer and CAO) sold a total of 13,169 shares of the company’s common stock. The trade occurred on Mar 09 and was made at $20.11 per share for $0.26 million. Following the transaction, the insider now directly holds 0.0 shares of the TPH stock.
Still, SEC filings show that on Mar 08, BAUER DOUGLAS F. (Chief Executive Officer) disposed off 62,974 shares at an average price of $20.31 for $1.28 million. The insider now directly holds 779,136 shares of Tri Pointe Homes Inc. (TPH).
Tri Pointe Homes Inc. (TPH): Who are the competitors?
The company’s main competitors (and peers) include M/I Homes Inc. (MHO) that is trading 195.60% up over the past 12 months and D.R. Horton Inc. (DHI) that is 128.80% higher over the same period. LGI Homes Inc. (LGIH) is 196.29% up on the 1-year trading charts. Short interest in the company’s stock has fallen -7.81% from the last report on Feb 11, 2021 to stand at a total of 7.87 million short shares sold with a short interest ratio of 4.26.