Tri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland, Virginia, and the District of Columbia. As of December 31, 2021, its operations consisted of 112 active selling communities and 41,675 owned or controlled lots. The company sells its homes through own sales representatives and independent real estate brokers. It also provides financial services, such as mortgage financing, title and escrow, and property and casualty insurance agency services. The company was formerly known as TRI Pointe Group, Inc. and changed its name to Tri Pointe Homes, Inc. in January 2021. Tri Pointe Homes, Inc. was founded in 2009 and is headquartered in Irvine, California.
Analyst Ratings Changes
Several equities research analysts recently issued reports on TPH shares. B. Riley cut shares of Tri Pointe Homes from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $26.00 to $20.00 in a research report on Thursday, June 16th. Wells Fargo & Company lowered their target price on shares of Tri Pointe Homes from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Friday, June 17th. Finally, StockNews.com lowered shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Saturday, June 18th.
Tri Pointe Homes Stock Up 0.9 %
Shares of NYSE:TPH traded up $0.16 during midday trading on Thursday, hitting $18.68. The company's stock had a trading volume of 788,315 shares, compared to its average volume of 1,613,824. The business's fifty day simple moving average is $18.21 and its two-hundred day simple moving average is $20.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. Tri Pointe Homes has a 1 year low of $15.05 and a 1 year high of $28.28. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 4.03 and a beta of 1.43.
Tri Pointe Homes (NYSE:TPH - Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The construction company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.12 by $0.21. Tri Pointe Homes had a net margin of 12.70% and a return on equity of 20.80%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $998.10 million. During the same quarter last year, the firm posted $1.00 earnings per share. The business's revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts predict that Tri Pointe Homes will post 4.65 EPS for the current year.