TRI Pointe Homes Director Acquires $268,200 in Stock (TPH)
TRI Pointe Homes (NYSE:TPH) Director Constance B. Moore acquired 20,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $13.41 per share, for a total transaction of $268,200.00. Following the completion of the acquisition, the director now directly owns 27,650 shares of the company’s stock, valued at approximately $370,787. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TRI Pointe Homes (NYSE:TPH) traded up 0.29% during mid-day trading on Friday, hitting $13.74. The stock had a trading volume of 3,373,780 shares. TRI Pointe Homes has a one year low of $12.82 and a one year high of $20.29. The stock has a 50-day moving average of $14.4 and a 200-day moving average of $16.1. The company has a market cap of $2.217 billion and a P/E ratio of 18.49. TRI Pointe Homes also saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 6,908,403 shares, a decrease 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 shares of the company are short sold.
TRI Pointe Homes (NYSE:TPH) last released its earnings data on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that TRI Pointe Homes will post $0.74 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of TRI Pointe Homes in a research note on Monday, August 11th. 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 given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus 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.
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