TPH Stock Summary and Trading Ideas (Tri Pointe Homes | NYSE:TPH)

Tri Pointe Homes Inc is an American construction company that focuses on residential construction. The company designs and builds single-family homes and condominiums through its portfolio of six regional housing brands. Its largest regional brands include Maracay Homes, which operates in Arizona, and TRI Pointe and Pardee Homes, which operate in California, Nevada, and Colorado. From a geographic perspective, California is TRI Pointe's largest source of revenue, followed by Arizona and Nevada. The company also operates in Texas, Oregon, and Virginia. TRI Pointe completes approximately 4,000 homes annually with an average selling price around $500,000. TRI Pointe also is involved in the sale and development of land.

Tri Pointe Homes trades on the NYSE stock market under the symbol TPH.

As of April 19, 2024, TPH stock price climbed to $34.93 with 975,939 million shares trading.

TPH has a beta of 1.93, meaning it tends to be more sensitive to market movements. TPH has a correlation of 0.47 to the broad based SPY ETF.

TPH has a market cap of $3.33 billion. This is considered a Mid Cap stock.

Last quarter Tri Pointe Homes reported $1 billion in Revenue and $1.36 earnings per share. This beat revenue expectation by $54 million and exceeded earnings estimates by $.18.

In the last 3 years, TPH stock traded as high as $39.08 and as low as $14.59.

The top ETF exchange traded funds that TPH belongs to (by Net Assets): IJR, VTI, VB, IWM, AVUV.

TPH has outperformed the market in the last year with a return of +29.7%, while the SPY ETF gained +21.2%. However, in the most recent history, TPH shares have underperformed the stock market with its stock returning -0.3% in the last 3 month period and -5.4% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

TPH support price is $33.90 and resistance is $35.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TPH stock will trade within this expected range on the day.