Looking for a Top Momentum Pick? Why TRI Pointe Group, Inc. (NYSE:TPH) is a Great Choice

TRI Pointe Group, Inc. (NYSE:TPH) price on Thursday, Dec 24, rose 2.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.81.

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A look at the stock’s price movement, the close during the last trading session was $17.34, moving within a range at $17.14 and $17.85. The beta value (5-Year monthly) is 1.61 while the PE ratio in trailing twelve months stood at 8.39. Turning to its 52-week performance, $19.59 and $5.89 were the 52-week high and 52-week low respectively. Overall, TPH moved 0.85% over the past month.

TRI Pointe Group, Inc.’s market cap currently stands at around $2.29 Billion, with investors looking forward to this quarter’s earnings report slated for Feb 16, 2021- Feb 22, 2021. The company has a Forward Dividend ratio of 0, with its dividend yield at 0%. As such, investors might be keen on a downside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.66, which has seen fiscal year 2020 EPS growth forecast to increase to $1.92 and about $2.52 for fiscal year 2021. Per the data, EPS growth is expected to be 0.31% for 2020 and 0.31% for the next financial year.

Analysts have a consensus estimate of $958.39 Million for the company’s revenue for the quarter, with a low and high estimate of $917.1 Million and $1.03 Billion respectively. The average forecast suggests up to a -15.9% decline in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2020 to grow to $3.16 Billion, representing a +2.5% jump on that reported in the 2019 financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that TPH is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 6 recommend TPH as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 0, with TPH’s current price about 2.99% and 1.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.46, while 7-day volatility ratio is 3.36% and 3.16% in the 30-day chart. Further, TRI Pointe Group, Inc. (TPH) has a beta value of 1.61, and an average true range (ATR) of 0.58. Analysts have given the company’s stock an average 52-week price target of $23.64, forecast between a low of $17.5 and high of $28. Looking at the price targets, the low is -1.74% off current price level while to achieve the yearly target high price needs to move +57.22%. Nonetheless, investors will most likely welcome a +29.14% jump to $23 that is the analysts’ median price.

In the market, a comparison of TRI Pointe Group, Inc. (TPH) and its peers suggest the former has performed considerably weaker. Data shows TPH’s intraday price has changed +2.71% today and +14.31% over the past year. Comparatively, D.R. Horton (DHI) has moved +1.55% on the day and only +35.54% in the past 12 months. Looking at another peer, we see that Lennar Corp (LEN) price has surged 2.37% on the day. However, the stock is 43.57% off its price today a year ago. Moreover, Lennar Corp Cl B (LEN.B) is also up 2.71% in today trading while keeping an uptrend of 14.31% over the past year. If we look at the PE ratio, we find that TRI Pointe Group, Inc.’s ratio stands at 8.39 compared to D.R. Horton’s 11.2 and Lennar Corp’s 12.08. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.35% and 0.23% respectively on the day as seen in early trades.

If we refocus on TRI Pointe Group, Inc. (NYSE:TPH), historical trading data shows that trading volumes averaged 1.75 Million over the past 10 days and 1.64 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 126.83 Million shares.

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As per Thomson Reuters, 1.96% of TRI Pointe Group, Inc.’s shares are in the hands of company insiders while institutional holders own 105.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.85 Million on November 29, 2020, giving us a short ratio of 5.66. The data shows that as of November 29, 2020 short interest in TRI Pointe Group, Inc. (TPH) stood at 7.77% of shares outstanding, with shares short dropping from 11.04 Million registered in October. Current price change has pushed the stock +14.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TPH stock continues to rise going into the next quarter.


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