RBC Capital analyst Michael Dahl maintained a Hold rating on Tri Pointe (TPH – Research Report) on February 21 and set a price target of $22.00. The company’s shares closed yesterday at $23.73.
According to TipRanks, Dahl is a 4-star analyst with an average return of 6.0% and a 54.85% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Toll Brothers, DR Horton, and Lennar.
In addition to RBC Capital, Tri Pointe also received a Hold from BTIG’s Carl Reichardt in a report issued on February 21. However, on February 22, Wedbush reiterated a Buy rating on Tri Pointe (NYSE: TPH).
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $25.70 and a one-year low of $14.59. Currently, Tri Pointe has an average volume of 669.7K.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TPH in relation to earlier this year. Most recently, in December 2022, Thomas J. Mitchell, the President & COO of TPH sold 94,067.00 shares for a total of $1,780,688.31.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TRI Pointe Group, Inc. designs constructs and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado; and Winchester Homes, consisting of operations in Maryland and Virginia. The Financial Services segment comprises of its TRI Pointe Connect mortgage financing operations and its TRI Pointe Assurance title services operations. The company was founded in April 2009 and is headquartered in Irvine, CA.
Read More on TPH:
- TRI Pointe price target raised to $27 from $21 at Wedbush
- TRI Pointe announces new $250M share repurchase program
- TRI Pointe reports Q4 EPS $1.98, consensus $1.57
- Tri Pointe Homes, Inc. Reports 2022 Fourth Quarter and Record Full Year Results and Announces New Stock Repurchase Program
- TRI Pointe initiated with a Perform at Oppenheimer
