Traders Buy Large Volume of Call Options on TRI Pointe Homes (TPH)
Shares of TRI Pointe Homes (NYSE:TPH) were the target of unusually large options trading on Monday. Stock investors purchased 13,838 call options on the company, StockRatingsNetwork.com reports. This is an increase of 425% compared to the typical volume of 2,635 call options.
A number of research firms have recently commented on TPH. Analysts at Paradigm Capital reiterated a “buy” rating on shares of TRI Pointe Homes in a research note on Friday, May 16th. They now have a $8.00 price target on the stock, down previously from $8.50. Separately, analysts at Sidoti upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of TRI Pointe Homes in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.31.
TRI Pointe Homes (NYSE:TPH) traded up 3.09% on Monday, hitting $16.36. The stock had a trading volume of 1,320,183 shares. TRI Pointe Homes has a one year low of $13.43 and a one year high of $20.29. The stock has a 50-day moving average of $16.0 and a 200-day moving average of $17.38. The company has a market cap of $517.5 million and a price-to-earnings ratio of 25.85.
TRI Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.05. The company had revenue of $72.81 million for the quarter, compared to the consensus estimate of $59.80 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 160.9% on a year-over-year basis. On average, analysts predict that TRI Pointe Homes will post $1.00 earnings per share for the current fiscal year.
Tri Pointe Homes, Inc, formerly TRI Pointe Homes, LLC is engaged in the design, construction and sale of single-family homes in planned communities in metropolitan areas located throughout Southern and Northern California.
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