Shares of Tri Pointe Homes Inc. (NYSE:TPH) traded today at $27.71, eclipsing its 52-week high. This new high was reached on below average trading volume as 114,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
Based on a current price of $27.12, Tri Pointe Homes Inc. is currently 42.9% above its average consensus analyst price target of $15.48.
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.
In the past 52 weeks, shares of Tri Pointe Homes Inc. have traded between a low of $16.59 and a high of $27.71 and is now at $27.12, which is 63% above that low price.
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