Insider Buying: Constance B. Moore Acquires 20,000 Shares of TRI Pointe Homes Stock (TPH)
TRI Pointe Homes (NYSE:TPH) Director Constance B. Moore acquired 20,000 shares of the stock on the open market in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $13.41 per share, with a total value of $268,200.00. Following the completion of the purchase, the director now directly owns 27,650 shares in the company, valued at approximately $370,787. The transaction was disclosed in a filing with the SEC, which is available at this link.
TRI Pointe Homes (NYSE:TPH) traded up 0.29% on Friday, hitting $13.74. 3,373,780 shares of the company’s stock traded hands. TRI Pointe Homes has a 1-year low of $12.82 and a 1-year high of $20.29. The stock has a 50-day moving average of $14.46 and a 200-day moving average of $16.14. The company has a market cap of $2.217 billion and a P/E ratio of 18.49. TRI Pointe Homes also was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 6,908,403 shares, a decline of 29.7% from the July 15th total of 9,821,828 shares. Based on an average trading volume of 2,290,983 shares, the short-interest ratio is currently 3.0 days. Currently, 4.8% of the company’s stock are sold short.
TRI Pointe Homes (NYSE:TPH) last released its earnings data on Thursday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.04. The company had revenue of $87.34 million for the quarter, compared to the consensus estimate of $75.40 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 83.8% on a year-over-year basis. Analysts expect that TRI Pointe Homes will post $0.74 EPS for the current fiscal year.
A number of research firms have recently commented on TPH. Analysts at Citigroup Inc. initiated coverage on shares of TRI Pointe Homes in a research note on Monday. They set a “buy” rating and a $15.50 price target on the stock. Analysts at Buckingham Research upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $20.00 price target on the stock, up previously from $19.00. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $17.08.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.