The stock of Tri Pointe Homes Inc. (NYSE: TPH) has increased by 0.50 when compared to last closing price of 36.33.Despite this, the company has seen a loss of -0.44% in its stock price over the last five trading days. globenewswire.com reported 2024-06-28 that INCLINE VILLAGE, Nev., June 28, 2024 (GLOBE NEWSWIRE) — Tri Pointe Homes, Inc. (NYSE: TPH) announced today that it will release its financial results for the second quarter of 2024 before the market opens on Thursday, July 25, 2024. The Company will host a conference call on the same day to discuss the results at 7:00 AM Pacific (10:00 AM Eastern). The call will be hosted by Doug Bauer, Chief Executive Officer, Tom Mitchell, Chief Operating Officer, Glenn Keeler, Chief Financial Officer, and Linda Mamet, Executive Vice President and Chief Marketing Officer.
Is It Worth Investing in Tri Pointe Homes Inc. (NYSE: TPH) Right Now?
The price-to-earnings ratio for Tri Pointe Homes Inc. (NYSE: TPH) is above average at 9.71x, Company’s 36-month beta value is 1.59.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for TPH is 92.01M, and currently, short sellers hold a 1.81% ratio of that floaft. The average trading volume of TPH on July 04, 2024 was 817.03K shares.
TPH’s Market Performance
The stock of Tri Pointe Homes Inc. (TPH) has seen a -0.44% decrease in the past week, with a -6.02% drop in the past month, and a -2.51% fall in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 2.16% for TPH. The simple moving average for the last 20 days is -2.29% for TPH’s stock, with a simple moving average of 8.66% for the last 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 -4.00% 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 -10.91% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares sank -3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.43% upper at present.
During the last 5 trading sessions, TPH fell by -0.52%, which changed the moving average for the period of 200-days by +26.67% in comparison to the 20-day moving average, which settled at $37.30. In addition, Tri Pointe Homes Inc. saw 3.14% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TPH starting from BAUER DOUGLAS F., who sale 10,723 shares at the price of $39.73 back on May 10 ’24. After this action, BAUER DOUGLAS F. now owns 667,093 shares of Tri Pointe Homes Inc., valued at $426,025 using the latest closing price.
BAUER DOUGLAS F., the Chief Executive Officer of Tri Pointe Homes Inc., sale 56,567 shares at $39.78 during a trade that took place back on May 09 ’24, which means that BAUER DOUGLAS F. is holding 677,816 shares at $2,250,235 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 0.11. The total capital return value is set at 0.1. Equity return is now at value 12.45, with 7.58 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 0.46. The interest coverage ratio of the stock is 5.26.
Currently, EBITDA for the company is 469.02 million with net debt to EBITDA at 1.13. 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 30.88for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.03.
Conclusion
In a nutshell, Tri Pointe Homes Inc. (TPH) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
