Tri Pointe HomesTPH
Market Cap: $4.15B
About: 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.
Employees: 1,438
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
38.72% more ownership
Funds ownership: 56.39% [Q1] → 95.12% (+38.72%) [Q2]
33% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 43
27% more call options, than puts
Call options by funds: $3.96M | Put options by funds: $3.11M
4% more funds holding
Funds holding: 324 [Q1] → 338 (+14) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 118
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
5% less capital invested
Capital invested by funds: $3.52B [Q1] → $3.35B (-$169M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Oppenheimer Tyler Batory 66% 1-year accuracy 21 / 32 met price target | 22%upside $54 | Outperform Maintained | 26 Jul 2024 |
Wedbush Jay McCanless 55% 1-year accuracy 38 / 69 met price target | 5%downside $42 | Neutral Reiterated | 26 Jul 2024 |
RBC Capital Mike Dahl 60% 1-year accuracy 30 / 50 met price target | 8%upside $48 | Outperform Maintained | 26 Jul 2024 |
Wedbush Jay McCanless 55% 1-year accuracy 38 / 69 met price target | 5%downside $42 | Neutral Reiterated | 25 Jul 2024 |
Financial journalist opinion
Based on 3 articles about TPH published over the past 30 days