Tri Pointe Homes Inc. (NYSE: TPH) stock fell -0.28% on Friday to $17.50 against a previous-day closing price of $17.55. With 1.21 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.47 million shares. During the session, the Residential Construction company that operates in wider Consumer Cyclical sector, reached to the highest price of $17.69 whereas the lowest price it dropped to was $17.26. The 52-week range on TPH shows that it touched its highest point at $28.28 and its lowest point at $15.05 during that stretch. It currently has a 1-year price target of $24.17. Beta for the stock currently stands at 1.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TPH was down-trending over the past week, with a drop of -5.66%, but this was down by -3.58% over a month. Three-month performance dropped to -17.30% while six-month performance fell -26.53%. The stock lost -28.72% in the past year, while it has lost -37.25% so far this year. A look at the trailing 12-month EPS for TPH yields 4.73 with Next year EPS estimates of 4.30. For the next quarter, that number is 1.22. This implies an EPS growth rate of 89.90% for this year and -11.31% for next year. EPS is expected to decline by -0.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.80%.
Float and Shares Shorts:
At present, 102.16 million TPH shares are outstanding with a float of 99.81 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.74 million, which was 3.68% higher than short shares on Jun 14, 2022. In addition to Mr. Douglas F. Bauer as the firm’s CEO & Non-Independent Director, Mr. Thomas J. Mitchell serves as its Pres & COO.
Through their ownership of 103.92% of TPH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.42% of TPH, in contrast to 32.68% held by mutual funds. Shares owned by individuals account for 18.67%. As the largest shareholder in TPH with 12.23% of the stake, BlackRock Fund Advisors holds 12,650,070 shares worth 12,650,070. A second-largest stockholder of TPH, The Vanguard Group, Inc., holds 12,014,723 shares, controlling over 11.62% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in TPH, holding 8,095,662 shares or 7.83% stake. With a 7.05% stake in TPH, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 7,294,593 shares are owned by the mutual fund manager. The Undiscovered Managers Behavioral, which owns about 4.21% of TPH stock, is the second-largest Mutual Fund holder. It holds 4,349,717 shares valued at 73.38 million. Vanguard Total Stock Market Index holds 2.95% of the stake in TPH, owning 3,048,549 shares worth 51.43 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TPH since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TPH analysts setting a high price target of $28.00 and a low target of $20.00, the average target price over the next 12 months is $23.00. Based on these targets, TPH could surge 60.0% to reach the target high and rise by 14.29% to reach the target low. Reaching the average price target will result in a growth of 31.43% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TPH will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of $5.64 being high and $4.56 being low. For TPH, this leads to a yearly average estimate of $4.96. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tri Pointe Homes Inc. surprised analysts by $0.13 when it reported $1.33 EPS against a consensus estimate of $1.20. The surprise factor in the prior quarter was $0.20. Based on analyst estimates, the high estimate for the next quarter is $1.72 and the low estimate is $1.09. The average estimate for the next quarter is thus $1.29.
Summary of Insider Activity:
Insiders traded TPH stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 769,715 while 875,744 shares were sold.