Wedbush Reiterates Neutral on Tri Pointe Homes, Maintains $42 Price Target
$TPH
Homebuilding
Consumer Discretionary
Wedbush analyst Jay McCanless reiterates Tri Pointe Homes (NYSE:TPH) with a Neutral and maintains $42 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/28/2024 | Neutral | Seaport Research Partners | |
| 3/13/2024 | $38.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 12/18/2023 | $32.00 | Outperform → Neutral | Wedbush |
| 9/7/2023 | $36.00 | Perform → Outperform | Oppenheimer |
| 8/7/2023 | $38.00 | Peer Perform → Outperform | Wolfe Research |
| 6/1/2023 | $42.00 | Buy | Deutsche Bank |
| 1/19/2023 | Perform | Oppenheimer | |
| 6/16/2022 | $26.00 → $20.00 | Buy → Neutral | B. Riley Securities |
Seaport Research Partners initiated coverage of TRI Pointe Homes with a rating of Neutral
RBC Capital Mkts upgraded TRI Pointe Homes from Sector Perform to Outperform and set a new price target of $38.00
Wedbush downgraded TRI Pointe Homes from Outperform to Neutral and set a new price target of $32.00
ORLANDO, Fla., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE:TPH), one of the largest homebuilders in the U.S., announced today the acquisition of 178 single-family detached homesites in the Sugarloaf Mountain planned community in Minneola, Florida with its land bank partner, Kennedy Lewis Investment Management LLC. This milestone follows Tri Pointe Homes' entry into the greater Orlando market, a strategic expansion driven by the area's robust growth and demand for high-quality housing options. Tri Pointe purchased the sites from Richland Communities, the developer of Sugarloaf Mountain. Located on elevated terrain, the new community, Pine Ridge at Sugarloaf Mountain,
-New Home Deliveries of 1,619--Home Sales Revenue of $1.1 Billion--Homebuilding Gross Margin Percentage of 23.3%--Diluted Earnings Per Share of $1.18--Homebuilding Debt-to-Capital Ratio Reduced to Record Low of 22.1%- INCLINE VILLAGE, Nev., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the "Company") (NYSE:TPH) today announced results for the third quarter ended September 30, 2024. "Tri Pointe Homes once again delivered excellent financial results for the third quarter," said Doug Bauer, Tri Pointe Homes Chief Executive Officer. "We achieved a 32% increase in deliveries to 1,619 homes, a 2% rise in the average sales price, and a 35% growth in homes sales revenue to $1.1 billi
Final New Construction Phase of Sought-After Community Offers Two- and Three-Story Townhomes in Charming and Historic Raleigh Suburb RALEIGH, N.C., Oct. 21, 2024 /PRNewswire/ -- Tri Pointe Homes®, a nationally recognized and rapidly expanding leader in the Raleigh new home real estate sector, is now selling The Mews at Holding Village, the final new construction phase in the popular Holding Village neighborhood in Wake Forest. Priced from the mid $300s, these two- and three-story townhomes provide low-maintenance living with a lifestyle seamlessly blending ease and sophistication, set within a community that embraces both nature and community connectedness. Interested buyers can choose from
Wedbush analyst Jay McCanless reiterates Tri Pointe Homes (NYSE:TPH) with a Neutral and maintains $42 price target.
Tri Pointe Homes (NYSE:TPH) reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.09 by 14.68 percent. This is a 108.33 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $1.137 billion which beat the analyst consensus estimate of $1.073 billion by 6.00 percent. This is a 37.49 percent increase over sales of $826.959 million the same period last year.
4 - Tri Pointe Homes, Inc. (0001561680) (Issuer)
4 - Tri Pointe Homes, Inc. (0001561680) (Issuer)
4 - Tri Pointe Homes, Inc. (0001561680) (Issuer)
10-Q - Tri Pointe Homes, Inc. (0001561680) (Filer)
8-K - Tri Pointe Homes, Inc. (0001561680) (Filer)
10-Q - Tri Pointe Homes, Inc. (0001561680) (Filer)
-New Home Deliveries of 1,619--Home Sales Revenue of $1.1 Billion--Homebuilding Gross Margin Percentage of 23.3%--Diluted Earnings Per Share of $1.18--Homebuilding Debt-to-Capital Ratio Reduced to Record Low of 22.1%- INCLINE VILLAGE, Nev., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the "Company") (NYSE:TPH) today announced results for the third quarter ended September 30, 2024. "Tri Pointe Homes once again delivered excellent financial results for the third quarter," said Doug Bauer, Tri Pointe Homes Chief Executive Officer. "We achieved a 32% increase in deliveries to 1,619 homes, a 2% rise in the average sales price, and a 35% growth in homes sales revenue to $1.1 billi
INCLINE VILLAGE, Nev., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (NYSE:TPH) announced today that it will release its financial results for the third quarter of 2024 before the market opens on Thursday, October 24, 2024. The Company will host a conference call on the same day to discuss the results at 7:00 AM Pacific (10:00 AM Eastern). The call will be hosted by Doug Bauer, Chief Executive Officer, Tom Mitchell, Chief Operating Officer, Glenn Keeler, Chief Financial Officer, and Linda Mamet, Executive Vice President and Chief Marketing Officer. Those interested in participating in the call can dial in toll-free at (877) 407-3982, or (201) 493-6780 for international partici
-Home Sales Revenue of $1.1 Billion- -Homebuilding Gross Margin Percentage of 23.6%- -Diluted Earnings Per Share of $1.25- -Increased Dollar Value of Backlog to $2.0 Billion- -Reduced Debt by $450 Million- -Homebuilding Debt-to-Capital Ratio Reduced to Record Low of 22.9%- INCLINE VILLAGE, Nev., July 25, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the "Company") (NYSE:TPH) today announced results for the second quarter ended June 30, 2024. "I am pleased to report another quarter of outstanding results, driven by our focus on expanding scale and efficiencies within our existing markets while building a foundation for future growth in our new markets," said Doug Bauer, Tri Pointe Home
RALEIGH, N.C., July 30, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE:TPH), one of the largest homebuilders in the U.S., together with its Raleigh division, today announced the development of Altis, its first 55+ lifestyle brand community on the East Coast. Located within Greenfield Communities' 550-acre Serenity development in rapidly growing Northwest Harnett County just outside Fuquay-Varina, Altis at Serenity is expected to add an additional 425 homes to the anticipated total buildout of 1,210 residences for the tranquil, planned community. Altis is projected to open in the spring of 2025 and marks the fourth community by Tri Pointe's Altis brand. "Serenity offers the per
IRVINE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE:TPH), one of the largest homebuilders in the U.S., announced the promotion of Linda Mamet to Executive Vice President in addition to her Chief Marketing Officer role, as well as the appointment of Urmila Menon as the company's new Chief Information Officer. In her expanded capacity, Mamet will continue to oversee sales, marketing and business intelligence strategies while also collaborating closely with Menon, IT team members and functional leaders to evolve the company's technological capabilities. Mamet joined Tri Pointe Homes in 2014 as Vice President of Corporate Marketing and is a key member of the executive
INCLINE VILLAGE, Nev., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. ("Tri Pointe Homes" or the "Company") (NYSE:TPH) today announced the appointment of R. Kent Grahl to its Board of Directors, effective September 27, 2021. Mr. Grahl has also been appointed to the Audit, Compensation and Executive Land Committees of the Company's Board of Directors. "We are excited for Kent to join the Tri Pointe Homes Board of Directors and look forward to leveraging his substantial experience in the homebuilding industry," said Steven Gilbert, Chairman of the Tri Pointe Homes Board. "Kent has more than 30 years of experience in investing and managing institutional capital for residential and
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