Tri Pointe Homes (TPH) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tri Pointe Homes in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TPH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPH, but not buy additional shares or sell existing shares.
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5 brokers have issued 1 year target prices for Tri Pointe Homes' stock. Their TPH share price forecasts range from $17.00 to $42.00. On average, they expect the company's share price to reach $27.00 in the next twelve months. This suggests that the stock has a possible downside of 13.4%.
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Tri Pointe Homes' stock was trading at $18.59 at the beginning of 2023. Since then, TPH shares have increased by 67.7% and is now trading at $31.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
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Tri Pointe Homes, Inc. (NYSE:TPH) released its quarterly earnings results on Thursday, April, 27th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.32. The construction company earned $768.40 million during the quarter, compared to analyst estimates of $586.76 million. Tri Pointe Homes had a trailing twelve-month return on equity of 20.83% and a net margin of 12.97%. The company's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share.

ETFs with the largest weight of Tri Pointe Homes (NYSE:TPH) stock in their portfolio include Innovator IBD 50 ETF (FFTY), Invesco Dynamic Building & Construction ETF (PKB), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Hoya Capital Housing ETF (HOMZ), Alpha Architect U.S. Quantitative Value ETF (QVAL), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and iShares U.S. Home Construction ETF (ITB).

10 employees have rated Tri Pointe Homes Chief Executive Officer Doug Bauer on Glassdoor.com. Doug Bauer has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tri Pointe Homes investors own include Freeport-McMoRan (FCX), PulteGroup (PHM), Johnson & Johnson (JNJ), AbbVie (ABBV), Ford Motor (F), Advanced Micro Devices (AMD), Salesforce (CRM), Netflix (NFLX), QUALCOMM (QCOM) and Twitter (TWTR).

Tri Pointe Homes trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPH."

Tri Pointe Homes' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.81%), Dimensional Fund Advisors LP (8.46%), State Street Corp (4.30%), Wellington Management Group LLP (2.17%), LSV Asset Management (1.89%) and Geode Capital Management LLC (1.92%). Insiders that own company stock include Constance B Moore, Douglas F Bauer, Douglas F Bauer, Glenn J Keeler, Steven J Gilbert and Thomas J Mitchell.
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Shares of TPH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TPH stock can currently be purchased for approximately $31.18.

Tri Pointe Homes (NYSE:TPH) has a market capitalization of $3.12 billion and generates $4.30 billion in revenue each year. The construction company earns $576.06 million in net income (profit) each year or $5.49 on an earnings per share basis.

The company employs 1,470 workers across the globe.

Tri Pointe Homes' mailing address is 19540 JAMBOREE ROAD SUITE 300, IRVINE CA, 92612. The official website for the company is www.tripointegroup.com. The construction company can be reached via phone at (775) 413-1030, via email at investorrelations@tripointehomes.com, or via fax at 213-955-5607.