Tri Pointe Homes Inc (NYSE: TPH) is 14.21% higher on its value in year-to-date trading and has touched a low of $24.74 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 $40.51 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $40.43, the stock is -6.50% and -7.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -0.20% at the moment leaves the stock 2.77% off its SMA200. TPH registered 61.33% gain for a year compared to 6-month gain of 6.06%. The firm has a 50-day simple moving average (SMA 50) of $43.797 and a 200-day simple moving average (SMA200) of $39.34125.
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The stock witnessed a -9.98% loss in the last 1 month and extending the period to 3 months gives it a -6.35%, and is -0.74% down 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 2.99% over the week and 2.96% over the month.
Tri Pointe Homes Inc (TPH) has around 1438 employees, a market worth around $3.78B and $4.50B in sales. Current P/E ratio is 8.38 and Fwd P/E is 8.79. Profit margin for the company is 10.26%. Distance from 52-week low is 63.42% and -15.38% from its 52-week high. The company has generated returns on investments over the last 12 months (10.87%).
The EPS is expected to grow by 38.14% this year
478.0 institutions hold shares in Tri Pointe Homes Inc (TPH), with institutional investors hold 101.97% of the company’s shares. The shares outstanding are 95.53M, and float is at 90.61M with Short Float at 2.77%. Institutions hold 99.51% 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
The most recent transaction is an insider sale by LEE DAVID CH, the company’s General Counsel & Secretary. SEC filings show that LEE DAVID CH sold 5,000 shares of the company’s common stock on Sep 13 ’24 at a price of $44.28 per share for a total of $0.22 million. Following the sale, the insider now owns 85792.0 shares.
Still, SEC filings show that on Jul 29 ’24, KEELER GLENN J. (CFO and CAO) disposed off 24,200 shares at an average price of $46.16 for $1.12 million. The insider now directly holds 149,108 shares of Tri Pointe Homes Inc (TPH).