Fintel reports that on September 17, 2024, Zelman & Assoc upgraded their outlook for Tri Pointe Homes (NYSE:TPH) from Underperform to Neutral.
Analyst Price Forecast Suggests 13.92% Upside
As of August 26, 2024, the average one-year price target for Tri Pointe Homes is $50.59/share. The forecasts range from a low of $42.42 to a high of $56.70. The average price target represents an increase of 13.92% from its latest reported closing price of $44.41 / share.
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The projected annual revenue for Tri Pointe Homes is 3,837MM, a decrease of 8.48%. The projected annual non-GAAP EPS is 2.95.
What is the Fund Sentiment?
There are 726 funds or institutions reporting positions in Tri Pointe Homes. This is an increase of 23 owner(s) or 3.27% in the last quarter. Average portfolio weight of all funds dedicated to TPH is 0.20%, an increase of 1.46%. Total shares owned by institutions increased in the last three months by 0.87% to 109,302K shares. 
The put/call ratio of TPH is 0.85, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 6,136K shares representing 6.56% ownership of the company. In its prior filing, the firm reported owning 6,577K shares , representing a decrease of 7.20%. The firm decreased its portfolio allocation in TPH by 6.65% over the last quarter.
CALF - Pacer US Small Cap Cash Cows 100 ETF holds 4,595K shares representing 4.91% ownership of the company. In its prior filing, the firm reported owning 2,784K shares , representing an increase of 39.40%. The firm increased its portfolio allocation in TPH by 16.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,859K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 2,853K shares , representing an increase of 0.22%. The firm decreased its portfolio allocation in TPH by 6.09% over the last quarter.
Geode Capital Management holds 2,409K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 2,332K shares , representing an increase of 3.20%. The firm decreased its portfolio allocation in TPH by 50.67% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,273K shares representing 2.43% ownership of the company. In its prior filing, the firm reported owning 2,339K shares , representing a decrease of 2.90%. The firm increased its portfolio allocation in TPH by 2.16% over the last quarter.
Tri Pointe Homes Background Information
(This description is provided by the company.)
One of the largest homebuilders in the U.S., Tri Pointe Homes® is a publicly traded company and a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities in 10 states, with deep ties to the communities it serves-some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards, most recently in 2019, and made Fortune magazine's 2017 100 Fastest-Growing Companies list. The company was also named one of the Best Places to Work by the Orange County Business Journal for four consecutive years.
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