Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) was down 11.1% during mid-day trading on Thursday . The company traded as low as $15.82 and last traded at $15.82. Approximately 41,403 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,614,750 shares. The stock had previously closed at $17.80.
TPH has been the subject of a number of recent analyst reports. B. Riley downgraded shares of Tri Pointe Homes from a “buy” rating to a “neutral” rating and decreased their target price for the company from $26.00 to $20.00 in a research report on Thursday. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday, June 10th.
The company has a market cap of $1.63 billion, a price-to-earnings ratio of 3.71 and a beta of 1.39. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $20.26 and its 200 day moving average price is $22.73.
A number of hedge funds and other institutional investors have recently bought and sold shares of TPH. First Quadrant LLC CA acquired a new stake in Tri Pointe Homes in the 1st quarter valued at $31,000. Wealth Quarterback LLC grew its position in Tri Pointe Homes by 65.5% in the 3rd quarter. Wealth Quarterback LLC now owns 2,886 shares of the construction company’s stock valued at $37,000 after purchasing an additional 1,142 shares during the period. Signaturefd LLC lifted its stake in Tri Pointe Homes by 77.7% during the 1st quarter. Signaturefd LLC now owns 1,928 shares of the construction company’s stock valued at $39,000 after acquiring an additional 843 shares in the last quarter. James Investment Research Inc. bought a new position in Tri Pointe Homes during the 4th quarter valued at $43,000. Finally, Point72 Hong Kong Ltd bought a new position in Tri Pointe Homes during the 1st quarter valued at $45,000. 98.98% of the stock is owned by institutional investors and hedge funds.
Tri Pointe Homes Company Profile (NYSE:TPH)
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.
- Get a free copy of the StockNews.com research report on Tri Pointe Homes (TPH)
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