Intrinsic value of TRI Pointe Group - TPH

Previous Close

$17.75

  Intrinsic Value

$40.68

stock screener

  Rating & Target

str. buy

+129%

Previous close

$17.75

 
Intrinsic value

$40.68

 
Up/down potential

+129%

 
Rating

str. buy

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of TPH stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of TRI Pointe Group (TPH) stock.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  0.17
  23.40
  21.56
  19.90
  18.41
  17.07
  15.87
  14.78
  13.80
  12.92
  12.13
  11.42
  10.77
  10.20
  9.68
  9.21
  8.79
  8.41
  8.07
  7.76
  7.49
  7.24
  7.01
  6.81
  6.63
  6.47
  6.32
  6.19
  6.07
  5.96
  5.87
Revenue, $m
  2,405
  2,968
  3,608
  4,326
  5,122
  5,997
  6,948
  7,975
  9,075
  10,248
  11,491
  12,803
  14,182
  15,628
  17,141
  18,719
  20,364
  22,077
  23,858
  25,710
  27,634
  29,634
  31,713
  33,873
  36,119
  38,455
  40,886
  43,416
  46,051
  48,797
  51,660
Variable operating expenses, $m
 
  2,573
  3,124
  3,744
  4,430
  5,184
  6,005
  6,890
  7,839
  8,850
  9,922
  11,039
  12,228
  13,475
  14,779
  16,140
  17,558
  19,035
  20,571
  22,168
  23,827
  25,551
  27,343
  29,206
  31,143
  33,157
  35,253
  37,434
  39,706
  42,074
  44,543
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,108
  2,573
  3,124
  3,744
  4,430
  5,184
  6,005
  6,890
  7,839
  8,850
  9,922
  11,039
  12,228
  13,475
  14,779
  16,140
  17,558
  19,035
  20,571
  22,168
  23,827
  25,551
  27,343
  29,206
  31,143
  33,157
  35,253
  37,434
  39,706
  42,074
  44,543
Operating income, $m
  297
  395
  483
  582
  692
  812
  943
  1,085
  1,237
  1,398
  1,569
  1,764
  1,954
  2,153
  2,362
  2,579
  2,806
  3,042
  3,287
  3,542
  3,807
  4,083
  4,369
  4,667
  4,976
  5,298
  5,633
  5,982
  6,345
  6,723
  7,118
EBITDA, $m
  300
  410
  498
  597
  707
  828
  959
  1,101
  1,253
  1,415
  1,587
  1,768
  1,958
  2,158
  2,367
  2,585
  2,812
  3,048
  3,294
  3,550
  3,816
  4,092
  4,379
  4,677
  4,987
  5,310
  5,645
  5,995
  6,359
  6,738
  7,133
Interest expense (income), $m
  0
  48
  62
  78
  96
  116
  138
  162
  187
  215
  244
  275
  308
  343
  379
  417
  456
  498
  540
  585
  631
  680
  730
  782
  836
  892
  951
  1,011
  1,075
  1,141
  1,210
Earnings before tax, $m
  302
  347
  421
  504
  596
  696
  806
  923
  1,049
  1,183
  1,325
  1,489
  1,646
  1,810
  1,983
  2,162
  2,349
  2,544
  2,747
  2,957
  3,176
  3,403
  3,640
  3,885
  4,141
  4,406
  4,683
  4,970
  5,270
  5,582
  5,908
Tax expense, $m
  106
  94
  114
  136
  161
  188
  218
  249
  283
  319
  358
  402
  444
  489
  535
  584
  634
  687
  742
  798
  858
  919
  983
  1,049
  1,118
  1,190
  1,264
  1,342
  1,423
  1,507
  1,595
Net income, $m
  195
  253
  307
  368
  435
  508
  588
  674
  766
  864
  967
  1,087
  1,201
  1,322
  1,447
  1,578
  1,715
  1,857
  2,005
  2,159
  2,318
  2,484
  2,657
  2,836
  3,023
  3,217
  3,418
  3,628
  3,847
  4,075
  4,313

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  209
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,565
  4,139
  5,032
  6,033
  7,144
  8,364
  9,690
  11,123
  12,658
  14,293
  16,026
  17,856
  19,780
  21,797
  23,906
  26,108
  28,402
  30,791
  33,275
  35,858
  38,542
  41,331
  44,230
  47,243
  50,375
  53,633
  57,023
  60,552
  64,228
  68,058
  72,051
Adjusted assets (=assets-cash), $m
  3,356
  4,139
  5,032
  6,033
  7,144
  8,364
  9,690
  11,123
  12,658
  14,293
  16,026
  17,856
  19,780
  21,797
  23,906
  26,108
  28,402
  30,791
  33,275
  35,858
  38,542
  41,331
  44,230
  47,243
  50,375
  53,633
  57,023
  60,552
  64,228
  68,058
  72,051
Revenue / Adjusted assets
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
Average production assets, $m
  23
  27
  32
  39
  46
  54
  63
  72
  82
  92
  103
  115
  128
  141
  154
  168
  183
  199
  215
  231
  249
  267
  285
  305
  325
  346
  368
  391
  414
  439
  465
Working capital, $m
  0
  -240
  -292
  -350
  -415
  -486
  -563
  -646
  -735
  -830
  -931
  -1,037
  -1,149
  -1,266
  -1,388
  -1,516
  -1,650
  -1,788
  -1,933
  -2,083
  -2,238
  -2,400
  -2,569
  -2,744
  -2,926
  -3,115
  -3,312
  -3,517
  -3,730
  -3,953
  -4,184
Total debt, $m
  1,382
  1,769
  2,227
  2,741
  3,311
  3,937
  4,617
  5,352
  6,139
  6,978
  7,868
  8,806
  9,793
  10,828
  11,910
  13,039
  14,216
  15,442
  16,716
  18,041
  19,418
  20,849
  22,336
  23,881
  25,488
  27,160
  28,899
  30,709
  32,595
  34,560
  36,608
Total liabilities, $m
  1,735
  2,123
  2,581
  3,095
  3,665
  4,291
  4,971
  5,706
  6,493
  7,332
  8,222
  9,160
  10,147
  11,182
  12,264
  13,393
  14,570
  15,796
  17,070
  18,395
  19,772
  21,203
  22,690
  24,235
  25,842
  27,514
  29,253
  31,063
  32,949
  34,914
  36,962
Total equity, $m
  1,829
  2,016
  2,450
  2,938
  3,479
  4,073
  4,719
  5,417
  6,164
  6,961
  7,805
  8,696
  9,633
  10,615
  11,642
  12,714
  13,832
  14,995
  16,205
  17,463
  18,770
  20,128
  21,540
  23,007
  24,533
  26,119
  27,770
  29,489
  31,279
  33,144
  35,089
Total liabilities and equity, $m
  3,564
  4,139
  5,031
  6,033
  7,144
  8,364
  9,690
  11,123
  12,657
  14,293
  16,027
  17,856
  19,780
  21,797
  23,906
  26,107
  28,402
  30,791
  33,275
  35,858
  38,542
  41,331
  44,230
  47,242
  50,375
  53,633
  57,023
  60,552
  64,228
  68,058
  72,051
Debt-to-equity ratio
  0.756
  0.880
  0.910
  0.930
  0.950
  0.970
  0.980
  0.990
  1.000
  1.000
  1.010
  1.010
  1.020
  1.020
  1.020
  1.030
  1.030
  1.030
  1.030
  1.030
  1.030
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
Adjusted equity ratio
  0.483
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487
  0.487

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  195
  253
  307
  368
  435
  508
  588
  674
  766
  864
  967
  1,087
  1,201
  1,322
  1,447
  1,578
  1,715
  1,857
  2,005
  2,159
  2,318
  2,484
  2,657
  2,836
  3,023
  3,217
  3,418
  3,628
  3,847
  4,075
  4,313
Depreciation, amort., depletion, $m
  3
  15
  15
  15
  15
  16
  16
  16
  17
  17
  17
  4
  4
  5
  5
  6
  6
  7
  7
  8
  8
  9
  10
  10
  11
  12
  12
  13
  14
  15
  15
Funds from operations, $m
  -538
  268
  322
  383
  450
  524
  604
  690
  783
  881
  985
  1,091
  1,206
  1,326
  1,452
  1,584
  1,721
  1,864
  2,012
  2,166
  2,327
  2,493
  2,666
  2,846
  3,033
  3,228
  3,431
  3,641
  3,861
  4,090
  4,328
Change in working capital, $m
  -380
  -46
  -52
  -58
  -65
  -71
  -77
  -83
  -89
  -95
  -101
  -106
  -112
  -117
  -123
  -128
  -133
  -139
  -144
  -150
  -156
  -162
  -168
  -175
  -182
  -189
  -197
  -205
  -213
  -222
  -232
Cash from operations, $m
  -158
  314
  374
  441
  515
  595
  681
  773
  872
  976
  1,085
  1,197
  1,317
  1,443
  1,575
  1,712
  1,854
  2,003
  2,157
  2,316
  2,483
  2,655
  2,835
  3,021
  3,215
  3,417
  3,627
  3,846
  4,074
  4,312
  4,560
Maintenance CAPEX, $m
  0
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -4
  -4
  -5
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -14
  -15
New CAPEX, $m
  -4
  -4
  -6
  -6
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -15
  -16
  -17
  -17
  -18
  -19
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
Cash from investing activities, $m
  -4
  -5
  -7
  -7
  -8
  -10
  -11
  -11
  -12
  -14
  -14
  -15
  -16
  -17
  -19
  -19
  -21
  -21
  -23
  -24
  -25
  -26
  -28
  -29
  -30
  -32
  -34
  -35
  -37
  -39
  -41
Free cash flow, $m
  -162
  309
  368
  434
  506
  586
  671
  762
  859
  962
  1,071
  1,182
  1,301
  1,426
  1,557
  1,693
  1,834
  1,981
  2,134
  2,293
  2,458
  2,629
  2,807
  2,992
  3,185
  3,385
  3,594
  3,811
  4,038
  4,274
  4,520
Issuance/(repayment) of debt, $m
  210
  401
  458
  514
  570
  626
  681
  735
  787
  839
  889
  939
  987
  1,035
  1,082
  1,129
  1,177
  1,225
  1,274
  1,325
  1,377
  1,431
  1,487
  1,546
  1,607
  1,671
  1,739
  1,810
  1,886
  1,965
  2,048
Issuance/(repurchase) of shares, $m
  -42
  128
  127
  120
  106
  86
  58
  23
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  156
  529
  585
  634
  676
  712
  739
  758
  787
  839
  889
  939
  987
  1,035
  1,082
  1,129
  1,177
  1,225
  1,274
  1,325
  1,377
  1,431
  1,487
  1,546
  1,607
  1,671
  1,739
  1,810
  1,886
  1,965
  2,048
Total cash flow (excl. dividends), $m
  -6
  839
  953
  1,067
  1,182
  1,297
  1,410
  1,520
  1,647
  1,801
  1,960
  2,120
  2,288
  2,461
  2,639
  2,822
  3,011
  3,206
  3,408
  3,618
  3,835
  4,060
  4,294
  4,538
  4,792
  5,057
  5,333
  5,622
  5,923
  6,238
  6,568
Retained Cash Flow (-), $m
  -164
  -382
  -435
  -488
  -541
  -594
  -646
  -697
  -748
  -796
  -844
  -891
  -937
  -982
  -1,027
  -1,072
  -1,117
  -1,163
  -1,210
  -1,258
  -1,307
  -1,358
  -1,412
  -1,467
  -1,526
  -1,587
  -1,651
  -1,719
  -1,790
  -1,865
  -1,944
Prev. year cash balance distribution, $m
 
  195
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  652
  518
  580
  641
  703
  763
  823
  899
  1,005
  1,116
  1,229
  1,351
  1,479
  1,612
  1,750
  1,894
  2,043
  2,198
  2,360
  2,527
  2,702
  2,883
  3,071
  3,266
  3,470
  3,682
  3,903
  4,133
  4,373
  4,624
Discount rate, %
 
  7.00
  7.35
  7.72
  8.10
  8.51
  8.93
  9.38
  9.85
  10.34
  10.86
  11.40
  11.97
  12.57
  13.20
  13.86
  14.55
  15.28
  16.04
  16.85
  17.69
  18.57
  19.50
  20.48
  21.50
  22.58
  23.70
  24.89
  26.13
  27.44
  28.81
PV of cash for distribution, $m
 
  609
  449
  464
  470
  467
  457
  439
  424
  414
  398
  375
  348
  317
  284
  250
  215
  182
  151
  123
  97
  75
  57
  42
  30
  21
  15
  10
  6
  4
  2
Current shareholders' claim on cash, %
  100
  94.9
  91.0
  88.1
  86.0
  84.5
  83.7
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5
  83.5

TRI Pointe Group, Inc. is a homebuilder company. The Company's operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia. Its financial services operation (TRI Pointe Solutions) includes mortgage financing operations and title services operations. Its mortgage financing operation (TRI Pointe Connect) provides mortgage financing to its homebuyers in all of its operated markets. Its title services operation (TRI Pointe Assurance) provides title examinations for its homebuyers in its Trendmaker Homes and Winchester Homes brands.

FINANCIAL RATIOS  of  TRI Pointe Group (TPH)

Valuation Ratios
P/E Ratio 14.4
Price to Sales 1.2
Price to Book 1.5
Price to Tangible Book
Price to Cash Flow -17.8
Price to Free Cash Flow -17.4
Growth Rates
Sales Growth Rate 0.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 300%
Cap. Spend. - 3 Yr. Gr. Rate -16.7%
Financial Strength
Quick Ratio 15
Current Ratio NaN
LT Debt to Equity 74.8%
Total Debt to Equity 75.6%
Interest Coverage 0
Management Effectiveness
Return On Assets 5.8%
Ret/ On Assets - 3 Yr. Avg. 5.8%
Return On Total Capital 6.4%
Ret/ On T. Cap. - 3 Yr. Avg. 6.3%
Return On Equity 11.2%
Return On Equity - 3 Yr. Avg. 10.6%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 22.8%
Gross Margin - 3 Yr. Avg. 22.1%
EBITDA Margin 12.7%
EBITDA Margin - 3 Yr. Avg. 12.3%
Operating Margin 12.3%
Oper. Margin - 3 Yr. Avg. 11%
Pre-Tax Margin 12.6%
Pre-Tax Margin - 3 Yr. Avg. 11.1%
Net Profit Margin 8.1%
Net Profit Margin - 3 Yr. Avg. 7.2%
Effective Tax Rate 35.1%
Eff/ Tax Rate - 3 Yr. Avg. 34.9%
Payout Ratio 0%

TPH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TPH stock intrinsic value calculation we used $2405 million for the last fiscal year's total revenue generated by TRI Pointe Group. The default revenue input number comes from 2016 income statement of TRI Pointe Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TPH stock valuation model: a) initial revenue growth rate of 23.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7%, whose default value for TPH is calculated based on our internal credit rating of TRI Pointe Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of TRI Pointe Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TPH stock the variable cost ratio is equal to 86.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TPH stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for TRI Pointe Group.

Corporate tax rate of 27% is the nominal tax rate for TRI Pointe Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TPH stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TPH are equal to 0.9%.

Life of production assets of 53.8 years is the average useful life of capital assets used in TRI Pointe Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TPH is equal to -8.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1829 million for TRI Pointe Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 151.228 million for TRI Pointe Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of TRI Pointe Group at the current share price and the inputted number of shares is $2.7 billion.

RELATED COMPANIES Price Int.Val. Rating
TOL Toll Brothers 47.07 71.02  buy
LEN Lennar Cl A 60.86 102.56  str.buy
KBH KB Home 31.64 91.38  str.buy
CAA CalAtlantic Gr 53.12 39.43  sell
MTH Meritage Homes 47.20 47.98  hold
LGIH LGI Homes 65.77 754.40  str.buy
MDC M.D.C. Holding 30.73 19.56  sell
MHO M/I Homes 32.38 33.46  hold
NWHM New Home 11.68 13.47  hold

COMPANY NEWS

▶ Stocks To Watch: TRI Pointe Sees RS Rating Rise To 92   [03:00AM  Investor's Business Daily]
▶ Tri Pointe tops Street 3Q forecasts   [Oct-25-17 06:11AM  Associated Press]
▶ Tri Pointe beats Street 2Q forecasts   [Jul-26-17 09:36PM  Associated Press]
▶ Housing Stocks Could Blow Over Soon for a Number of Reasons   [Jul-15-17 03:11PM  TheStreet.com]
▶ Barclays Turns Cautious on U.S. Home Building   [Jul-11-17 10:29AM  TheStreet.com]
▶ Tri Pointe misses 1Q profit forecasts   [Apr-26-17 06:12AM  Associated Press]
▶ Housing Could Be Ready to Explode: 5 Top Stocks to Buy Now   [Apr-05-17 10:35AM  24/7 Wall St.]
Financial statements of TPH
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.