Tri Pointe Homes Inc. (NYSE: TPH) is 24.41% 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 $44.10 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $44.04, the stock is 3.93% and 6.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.53 million and changing -0.14% at the moment leaves the stock 19.82% off its SMA200. TPH registered 44.96% gain for a year compared to 6-month gain of 24.48%.
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The stock witnessed a -2.67% loss in the last 1 month and extending the period to 3 months gives it a 15.47%, and is 1.08% 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 2.62% over the week and 3.08% over the month.
Tri Pointe Homes Inc. (TPH) has around 1438 employees, a market worth around $4.12B and $4.19B in sales. Current P/E ratio is 10.00 and Fwd P/E is 8.86. Profit margin for the company is 10.14%. Distance from 52-week low is 82.15% and -7.83% from its 52-week high. The company has generated returns on investments over the last 12 months (10.27%).
Tri Pointe Homes Inc. quarterly earnings per share for the current quarter are estimated at 1.08 with sales reaching $1.05B over the same period.The EPS is expected to grow by 37.97% this year, but quarterly earnings will post 19.70% year-over-year. Quarterly sales are estimated to grow 27.40% in year-over-year returns.
470.0 institutions hold shares in Tri Pointe Homes Inc. (TPH), with institutional investors hold 101.70% of the company’s shares. The shares outstanding are 95.53M, and float is at 90.64M with Short Float at 2.16%. Institutions hold 99.24% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.98 million shares valued at $632.41 million. The investor’s holdings represent 17.8273 of the TPH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.45 million shares valued at $426.4 million to account for 12.02 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 7.62 million shares representing 7.9978 and valued at over $283.71 million, while STATE STREET CORP holds 5.4867 of the shares totaling 5.23 million with a market value of $194.64 million.
Tri Pointe Homes Inc. (TPH) Insider Activity
Tri Pointe Homes Inc. disclosed in a document filed with the SEC on Jul 29 ’24 that KEELER GLENN J. (CFO and CAO) sold a total of 24,200 shares of the company’s common stock. The trade occurred on Jul 29 ’24 and was made at $46.16 per share for $1.12 million. Following the transaction, the insider now directly holds 0.15 million shares of the TPH stock.
Still, SEC filings show that on Jul 29 ’24, Glenn Keeler (Officer) Proposed Sale 24,200 shares at an average price of $45.67 for $1.11 million. The insider now directly holds shares of Tri Pointe Homes Inc. (TPH).
