Tri Pointe Homes Inc. (NYSE: TPH) is 23.08% higher on its value in year-to-date trading and has touched a low of $24.18 and a high of $47.78 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 $42.00 in the last trading session, with the day’s gains setting it 1.57%.
Currently trading at $43.57, the stock is 2.01% and 7.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 3.74% at the moment leaves the stock 20.20% off its SMA200. TPH registered 48.00% gain for a year compared to 6-month gain of 22.70%.
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The stock witnessed a -6.48% loss in the last 1 month and extending the period to 3 months gives it a 11.83%, and is 7.08% 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 2.74% over the week and 3.41% over the month.
Tri Pointe Homes Inc. (TPH) has around 1438 employees, a market worth around $4.08B and $4.19B in sales. Current P/E ratio is 9.89 and Fwd P/E is 8.73. Profit margin for the company is 10.14%. Distance from 52-week low is 80.21% and -8.81% from its 52-week high. The company has generated returns on investments over the last 12 months (10.27%).
The EPS is expected to grow by 38.02% this year
471.0 institutions hold shares in Tri Pointe Homes Inc. (TPH), with institutional investors hold 101.87% of the company’s shares. The shares outstanding are 95.53M, and float is at 90.55M with Short Float at 1.92%. Institutions hold 99.41% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.32 million shares valued at $669.49 million. The investor’s holdings represent 17.5492 of the TPH Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 11.65 million shares valued at $450.35 million to account for 11.8048 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 7.93 million shares representing 8.0386 and valued at over $306.67 million, while STATE STREET CORP holds 4.5047 of the shares totaling 4.45 million with a market value of $171.85 million.
Tri Pointe Homes Inc. (TPH) Insider Activity
The most recent transaction is an insider sale by KEELER GLENN J., the company’s CFO and CAO. SEC filings show that KEELER GLENN J. sold 24,200 shares of the company’s common stock on Jul 29 ’24 at a price of $46.16 per share for a total of $1.12 million. Following the sale, the insider now owns 0.15 million shares.
Still, SEC filings show that on May 09 ’24, BAUER DOUGLAS F. (Chief Executive Officer) disposed off 56,567 shares at an average price of $39.78 for $2.25 million. The insider now directly holds 677,816 shares of Tri Pointe Homes Inc. (TPH).
