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Tri Pointe Homes (NYSE:TPH) 주식, 공매도 수량 보고

Tri Pointe Homes

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 Inc

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News

Buybacks

Tri Pointe Homes Board Approves New Stock Repurchase Program Of Up To $250M Of Common Stock Through December 31, 2025

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 Homes Says It Closed On First Land Acquisition In The Greater Orlando Market, Marking The Homebuilder's Debut In Minneola's Sugarloaf Mountain Community

Macro Economic Events

Macro Notification

Econ #s

Economics

General

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TMHC

USA Pending Home Sales (MoM) For September 7.4% Vs 1.9% Est.; 0.6% Prior

RBC Capital analyst Mike Dahl maintains Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Outperform and lowers the price target from $48 to $45.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Tri Pointe Homes, Lowers Price Target to $45

Oppenheimer analyst Tyler Batory maintains Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Outperform and lowers the price target from $56 to $53.

Oppenheimer Maintains Outperform on Tri Pointe Homes, Lowers Price Target to $53

Wedbush analyst Jay McCanless maintains Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Neutral and raises the price target from $42 to $44.

Wedbush Maintains Neutral on Tri Pointe Homes, Raises Price Target to $44

Wedbush analyst Jay McCanless reiterates Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Neutral and maintains $42 price target.

Reiteration

Wedbush Reiterates Neutral on Tri Pointe Homes, Maintains $42 Price Target

Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) reported quarterly earnings of $1.18 per share which beat the analyst consensus estimate of $1.07 by 10.28 percent. The company reported quarterly sales of $1.127 billion which beat the analyst consensus estimate of $1.058 billion by 6.55 percent. This is a 36.30 percent increase over sales of $826.859 million the same period last year.

Earnings

Earnings Beats

Tri Pointe Homes Q3 2024 GAAP EPS $1.18 Beats $1.07 Estimate, Sales $1.127B Beat $1.058B Estimate

Oppenheimer analyst Tyler Batory maintains Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Outperform and raises the price target from $54 to $56.

Oppenheimer Maintains Outperform on Tri Pointe Homes, Raises Price Target to $56

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Shares of housing-related stocks are trading higher after the Fed policy decision to cut rates by 50 basis points, which could help curb housing unaffordability and increase demand.

Zelman &amp; Assoc upgrades Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) from Underperform to Neutral and announces $43 price target.

Upgrades

Zelman & Assoc Upgrades Tri Pointe Homes to Neutral, Announces $43 Price Target

Seaport Global analyst Kenneth Zener initiates coverage on Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Neutral rating.

Initiation

Seaport Global Initiates Coverage On Tri Pointe Homes with Neutral Rating

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Shares of household durable companies are trading higher following strong New Home Sales economic data for July. Also, the sector may be moving in sympathy with the market after Fed Chair Powell offered an optimistic U.S. economic outlook and indicated future rate cuts.

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Shares of household durable companies are trading lower amid overall market weakness on US economic concerns.

Oppenheimer analyst Tyler Batory maintains Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Outperform and raises the price target from $46 to $54.

Oppenheimer Maintains Outperform on Tri Pointe Homes, Raises Price Target to $54

Homebuilder stocks surged to record highs on Friday, driven by a positive inflation report that cemented expectations for interest <a href="https://www.benzinga.com/topic/interest-rates">rate cuts in September.</a>
The Personal Consumption Expenditure (PCE) price index — commonly referred to as the Fed&#8217;s favorite inflation measure — fell from 2.6% year-on-year to 2.5% in <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39983210/feds-preferred-inflation-measure-shows-mixed-readings-personal-income-spending-fa">June 2024, matching expectations. </a>
The iShares U.S. Home Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITB#NYSE">ITB</a>), a key basket tracking U.S. homebuilder equity performances, jumped 3.8%, marking its third consecutive week of gains. 
Chart: U.S. Home Construction ETF Reaches Record Highs
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="441" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26102927/image-50-1024x441.png" alt="" class="wp-image-459652" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26102927/image-50-1024x441.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26102927/image-50-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26102927/image-50-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26102927/image-50-1536x661.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26102927/image-50.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image:<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1"> Benzinga Pro </a></figcaption></figure>
Over the past three weeks, U.S. homebuilder stocks have surged by more than 20%, spurred by the anticipation of lower interest rates benefiting rate-sensitive sectors like home construction.
Market participants are now fully pricing in a Federal Reserve rate cut in September, with expectations for at least one more reduction by December 2024. 
&#8220;Homebuilders are trading at the high-end of the&nbsp;historical&nbsp;valuation&nbsp;range, which we think is justified by higher return-on-equity (ROE). On average, we forecast 22% return-on-equity compared to the 2019 level of 20%,&#8221; Bank of America analyst Rafe Jadrosich wrote in a recent report. 
Historically, similar valuation levels in 2018 and 2021 led to sharp pullbacks as the Fed raised rates, Bank of America highlighted. However, the investment bank believes the scenario is different in the second half of 2024, with the Fed likely to begin cutting rates.
On Friday, Bank of America double-upgraded Mohawk Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) from Underperform to Buy and raised their price target from $120 to $177, following better-than-expected Q2 2024 earnings.
<h3 class="wp-block-heading">Top-Performing Homebuilder Stocks In July 2024</h3>
The top ten best-performing stocks in the U.S. Home Construction ETF this month are:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (MTD)</td>
</tr>
<tr>
<td>Mohawk Industries, Inc.</td>
<td>37.16%</td>
</tr>
<tr>
<td>M/l Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>)</td>
<td>35.92%</td>
</tr>
<tr>
<td>Green Brick Partners, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRBK#NYSE">GRBK</a>)</td>
<td>31.50%</td>
</tr>
<tr>
<td>American Woodmark Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMWD#NASDAQ">AMWD</a>)</td>
<td>28.44%</td>
</tr>
<tr>
<td>Dream Finders Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFH#NYSE">DFH</a>)</td>
<td>27.42%</td>
</tr>
<tr>
<td>JELD-WEN Holding, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JELD#NYSE">JELD</a>)</td>
<td>26.80%</td>
</tr>
<tr>
<td>Installed Building Products, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>)</td>
<td>26.65%</td>
</tr>
<tr>
<td>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>)</td>
<td>26.29%</td>
</tr>
<tr>
<td>Tri Pointe Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>)</td>
<td>26.26%</td>
</tr>
<tr>
<td>Century Communities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>)</td>
<td>26.05%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">As of July 26, 2024</figcaption></figure>
<h3 class="wp-block-heading">Latest Mortgage Rates, Housing Market Data</h3>
The Mortgage Bankers Association recently reported that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less dropped by 5 basis points to 6.62% for the week<a href="https://www.benzinga.com/news/large-cap/24/07/39931211/mortgage-rates-hit-lowest-point-since-february-as-investors-anticipate-fed-rate-cuts"> ending July 19, 2024.</a>
Despite the easing in borrowing costs, other housing market indicators remain bleak. 
Homebuilder confidence dipped to 42 in July, its lowest reading year-to-date, according to Bank of America.
 Jeffrey Roach, chief economist for LPL Financial, commented on the situation, stating, &#8220;The low supply of homes and high interest rates have depressed affordability to near-term lows.&#8221;
The National Association of Realtors reported a significant 5.4% decline in existing home sales for June, marking the worst monthly drop since 2022. 
Additionally, the U.S. Census Bureau revealed that new single-family home sales fell 0.6% month-over-month to a seasonally adjusted annual rate of 617,000 in June 2024, the lowest in seven months and below forecasts of 640,000, as high prices continued to affect affordability. 
The median sales price of existing homes rose 4.1% year-over-year, setting a new record high.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39970069/investors-go-all-in-on-small-caps-pour-over-6-billion-into-russell-2000-etf-this-month-they-will">Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They &#8216;Will Return To Larger-Cap Alternatives,&#8217; Veteran Analyst Says</a></li>
</ul>

Equities

Large Cap

Mid Cap

REIT

Sector ETFs

Small Cap

Federal Reserve

ETFs

Real Estate

AMWD

iShares Dow Jones US Homenstruction Index Fund

JELD

Homebuilder Stocks Rally To Record Highs On Rate-Cut Frenzy But Housing Sales Still Struggle

RBC Capital analyst Mike Dahl maintains Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Outperform and raises the price target from $42 to $48.

RBC Capital Maintains Outperform on Tri Pointe Homes, Raises Price Target to $48

Guidance

Tri Pointe Homes Anticipates Delivering 1,450 - 1,550 Homes In Q3, 6,300 - 6,500 Homes In FY24

NVR's (NVR) third-quarter results exhibited solid revenue growth and increasing orders. The company's long-term prospects appear bright with a rapidly growing population and steady financial performance. So, let's analyze whether this is the homebuilder's stock to buy now. Read more to find out... NVR, Inc. (<a href="https://stocknews.com/stock/NVR/">NVR</a>) is one of the largest homebuilding and mortgage banking companies in the U.S. The company operates through its Homebuilding and Mortgage Banking segments and engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under names like Ryan Homes, NVHomes, and Heartland Homes.
The company recently reported its third-quarter financial results. The company's revenues from the Homebuilding segment marked strong growth of 6.6% year-over-year to $2.68 billion. Its consolidated revenues for the nine months that ended September 30, 2024, were $7.68 billion, up 8% from the same period of 2023.
During the third quarter, NVR's new orders increased by 19% to 5,650 units, compared to 4,746 units in the third quarter of 2023, and the average sales price of new orders was $450,700. Further, settlements in the third quarter increased 5% to 5,908 units, from 5,606 units in the prior-year quarter, where the average settlement price was $453,200, up 1% year-over-year.
In September, the <a href="https://www.reuters.com/markets/us/us-single-family-homebuilding-rises-five-month-high-2024-10-18/">U.S. single-family homebuilding surged at 2.7%</a>, marking its five-month high, and building permits for single-family housing were also up. Also, the <a href="https://www.reuters.com/markets/us/us-home-builder-confidence-rises-second-straight-month-2024-10-17/">NAHB/Wells Fargo Housing Market Index</a> surged to 43 in the current month from 41 in September, indicating increasing confidence in the U.S. home builders.
Also, rapid global population growth, economic growth, and increasing disposable income of consumers are surging activities like acquisition and development of land, and construction and sale of residential homes. The residential building construction market is expected to reach around <a href="https://www.thebusinessresearchcompany.com/report/residential-building-construction-global-market-report">$5.80 trillion by 2028</a>, growing at a CAGR of 5.8%.
Moreover, the recently announced fed rate cuts will benefit the homebuilding sector and operations of NVR since prospective buyers who have been holding out for lower mortgage rates will now become active. This will also strengthen the company's market position and competitiveness.
Shares of NVR have gained 20.9% over the past six months and 71.4% over the past year to close its last trading session at $9438.35.
Let's look at factors that could influence NVR's performance in the upcoming months.
Recent Developments
On April 25, NVR signed an agreement with La Cité Development, a leading real estate development corporation, to address much-needed housing solutions by adding 180 units of single-family homes to a large-scale redevelopment of 32.94 acres in Poppleton, West Baltimore, for approximately $800 million.
This mixed-income development, representing an investment of $60 million, will consist of 48 condo units and 132 townhomes on seven acres.
Robust Financials
For the third quarter that ended September 30, 2024, NVR's Homebuilding revenues increased 6.6% year-over-year to $2.68 billion and its Mortgage banking fees were $55.31 million. Also, the company's homebuilding operating income grew marginally from the year-ago value to $510.52 million.
Furthermore, the company's net income and EPS came in at $429.32 million and $130.50 for the quarter, respectively.
As of September 30, 2024, NVR's cash and cash equivalents and total assets stood at $2.47 billion and $6.49 billion, respectively.
Solid Historical Growth
NVR's revenue grew at a CAGR of 4.2% over the past three years, while its EBITDA improved at a CAGR of 8.5%. Its <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> increased at a CAGR of 8.7% over the same period, while the company's net income and EPS grew at respective CAGRs of 10.6% and 16.6% over the same time frame.
Furthermore, the company's tangible book value and levered free cash flow have grown at CAGRs of 12.5% and 24.3% over the past three years, respectively.
Favorable Analyst Estimates
Analysts expect NVR's revenue for the fourth quarter (ending December 2024) to come in at $2.83 billion, indicating an increase of 18.4% year-over-year, and its consensus EPS is expected to improve 8.4% year-over-year to $131.73 for the same period.
For the fiscal year (ending December 2024), the company's revenue is anticipated to grow 11.6% year-over-year to $10.40 billion, while its EPS is expected to grow 7.2% year-over-year to $496.77. Further, street expects NVR's revenue and EPS to grow 4.5% and 5.8% year-over-year to $10.86 billion and $525.64 for the fiscal year 2025, respectively.
Favorable Profitability
NVR's trailing-12-month EBIT margin of 19.98% is 149.3% higher than the 8.01% industry average. The stock's trailing-12-month net income margin of 15.90% is significantly higher than the industry average of 4.50%. And the stock's trailing-12-month levered FCF margin of 12.54% is 153.2% higher than the industry average of 4.95%.
Furthermore, the stock's ROCE, ROTC, and ROTA of 38.72%, 24.47%, and 25.19% favorably compares to the 11.37%, 6.18%, and 4.03% industry average, respectively.
POWR Ratings Appear Optimistic
NVR's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. NVR has an A grade for Momentum. The stock is trading above its 50-day and 200-day moving averages of $9,340.39 and $8,102.13, respectively.
The stock also has a B grade for Quality, consistent with its higher-than-industry profitability.
NVR is ranked #4 among the 22 stocks in the <a href="https://stocknews.com/category/homebuilders/">Homebuilders</a> industry.
Beyond what I have stated above, we have also given NVR grades for Stability, Growth, Sentiment, and Value. Get access to all the NVR ratings <a href="https://stocknews.com/stock/NVR/">here</a>.
Bottom Line
NVR reported better-than-expected earnings in the third quarter of fiscal 2024. Further, the company's long-term prospects appear promising, driven by its expanding product offerings, economic growth, and favorable government initiatives.
Given NVR's solid revenue growth, promising analysts' expectations, and favorable profitability, supported by the surrounding environment and widening avenues, it could be ideal to invest in this stock.
How Does NVR Inc. (NVR) Stack Up Against Its Peers?
While NVR has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/homebuilders/">Homebuilders</a> industry with A (Strong Buy) or B (Buy) ratings: M/I Homes, Inc. (<a href="https://stocknews.com/stock/MHO/">MHO</a>), Sekisui House Ltd. ADR (<a href="https://stocknews.com/stock/SKHSY/">SKHSY</a>), and TRI Pointe Group, Inc. (<a href="https://stocknews.com/stock/TPH/">TPH</a>).
For exploring more A and B-rated homebuilders stocks, <a href="https://stocknews.com/category/homebuilders/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
NVR shares were unchanged in after-hours trading Wednesday. Year-to-date, NVR has gained 34.44%, versus a 22.75% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/nvr-mho-skhsy-tph-is-now-the-time-to-buy-shares-of-nvr-as/>Is Now the Time to Buy Shares of NVR as Homebuilding Stocks Recover?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Now the Time to Buy Shares of NVR as Homebuilding Stocks Recover?

In a report released today, Kenneth Zener from Seaport Global maintained a Hold rating on Tri Pointe (TPH – Research Report). The company's shares ...

Tri Pointe (TPH) Receives a Hold from Seaport Global

SA Asks: How will REITs, homebuilder stocks be impacted by the election?

Tri Pointe Homes: Returns Fading, Now At Fair Value

M/I Homes Still Offers Attractive Upside For Investors

In a regulatory filing, TRI Pointe (TPH) disclosed that its COO Thomas Mitchess sold 77.4K shares of common stock on December 16th in a total trans...

TRI Pointe COO sells $3.03M in common stock

Tri Pointe (TPH) Homes "announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250M...

TRI Pointe announces $250M stock buyback program

Tri Pointe Homes announces $250 million stock repurchase program

A Bear Market For Home Builders Marks The Worst Ever Start To The Seasonal Trade

RBC Capital lowered the firm's price target on TRI Pointe (TPH) to $41 from $45 and keeps an Outperform rating on the shares as part of a broader r...

TRI Pointe price target lowered to $41 from $45 at RBC Capital

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Press Releases

Tri Pointe Homes, Inc. Releases 2023 Sustainability Report

Tri Pointe Homes, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Date

Tri Pointe Homes Earns Top Honors at the Great American Living Awards 2024

Tri Pointe Homes Opens The Mews: Final Phase of Holding Village Master Planned Community in Wake Forest

Tri Pointe Homes, Inc. Reports 2024 Third Quarter Results

Tri Pointe Homes Named to 2024 Fortune Best Workplaces for Women™ List  for the Third Consecutive Year

Tri Pointe Homes® Closes on First Land Acquisition in the Greater Orlando Market, Marking the Homebuilder's Debut in Minneola's Sugarloaf Mountain Community

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Tri Pointe Homes (NYSE:TPH) 주식, 공매도 수량 보고

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