Tri Pointe Homes Inc. (NYSE:TPH) traded at a new 52-week high today of $26.62. Approximately 93,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
Tri Pointe Homes Inc. share prices have moved between a 52-week high of $26.62 and a 52-week low of $16.59 and are now trading 60% above that low price at $26.50 per share.
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. (NYSE:TPH) is currently priced 40.8% above its average consensus analyst price target of $15.70.
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