Tri Pointe Homes Inc. (NYSE: TPH)’s stock price has gone decline by -1.34 in comparison to its previous close of 34.98, however, the company has experienced a -3.31% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-11 that Tri Pointe (TPH) abides by its footprint expansion initiative with the opening of two divisions in Florida and Coastal Carolinas.
Is It Worth Investing in Tri Pointe Homes Inc. (NYSE: TPH) Right Now?
Tri Pointe Homes Inc. (NYSE: TPH) has a higher price-to-earnings ratio of 9.97x compared to its average ratio. TPH has 36-month beta value of 1.56. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for TPH is 93.35M, and currently, short sellers hold a 2.11% ratio of that float. The average trading volume of TPH on April 18, 2024 was 1.12M shares.
TPH’s Market Performance
The stock of Tri Pointe Homes Inc. (TPH) has seen a -3.31% decrease in the past week, with a 0.94% rise in the past month, and a 1.50% gain in the past quarter. The volatility ratio for the week is 2.36%, and the volatility levels for the past 30 days are at 2.33% for TPH.. The simple moving average for the past 20 days is -6.02% for TPH’s stock, with a 8.29% simple moving average for the past 200 days.
Analysts’ Opinion of TPH
Many brokerage firms have already submitted their reports for TPH stocks, with RBC Capital Mkts repeating the rating for TPH by listing it as a “Outperform.” The predicted price for TPH in the upcoming period, according to RBC Capital Mkts is $38 based on the research report published on March 13, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see TPH reach a price target of $32. The rating they have provided for TPH stocks is “Neutral” according to the report published on December 18th, 2023.
Oppenheimer gave a rating of “Outperform” to TPH, setting the target price at $36 in the report published on September 07th of the previous year.
TPH Trading at -3.03% from the 50-Day Moving Average
After a stumble in the market that brought TPH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.69% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares sank -1.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.35% upper at present.
During the last 5 trading sessions, TPH fell by -3.31%, which changed the moving average for the period of 200-days by +5.02% in comparison to the 20-day moving average, which settled at $36.69. In addition, Tri Pointe Homes Inc. saw -2.51% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TPH starting from MITCHELL THOMAS J., who sale 51,533 shares at the price of $35.22 back on Mar 13 ’24. After this action, MITCHELL THOMAS J. now owns 785,543 shares of Tri Pointe Homes Inc., valued at $1,814,992 using the latest closing price.
BURROWS LAWRENCE B., the Director of Tri Pointe Homes Inc., sale 7,677 shares at $31.48 during a trade that took place back on Aug 02 ’23, which means that BURROWS LAWRENCE B. is holding 86,891 shares at $241,672 based on the most recent closing price.
Stock Fundamentals for TPH
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.22 for the gross margin
The net margin for Tri Pointe Homes Inc. stands at 0.1. The total capital return value is set at 0.1. Equity return is now at value 11.76, with 7.13 for asset returns.
Based on Tri Pointe Homes Inc. (TPH), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 5.64.
Currently, EBITDA for the company is 469.02 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 1.03. The receivables turnover for the company is 16.49for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.34.
Conclusion
To put it simply, Tri Pointe Homes Inc. (TPH) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
