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 December 13, 2024, TPH stock price declined to $39.03 with 542,590 million shares trading.

TPH has a beta of 1.37, meaning it tends to be more sensitive to market movements. TPH has a correlation of 0.22 to the broad based SPY ETF.

TPH has a market cap of $3.65 billion. This is considered a Mid Cap stock.

Last quarter Tri Pointe Homes reported $1 billion in Revenue and $1.18 earnings per share. This beat revenue expectation by $67 million and exceeded earnings estimates by $.12.

In the last 3 years, TPH traded as high as $47.78 and as low as $14.59.

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

TPH has underperformed the market in the last year with a price return of +22.3% while the SPY ETF gained +29.9%. TPH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.4% and -10.3%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

TPH support price is $39.41 and resistance is $40.75 (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 shares will trade within this expected range on the day.