Is It Time To Review Stock News? TRI Pointe Group (NYSE: TPH)

TRI Pointe Group (NYSE: TPH) stock identified change of 18.80% away from 52-week low price and recently located move of -29.38% off 52-week high price. It has market worth of $1747.78M . TPH stock has been recorded -4.05% away from 50 day moving average and -2.00% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.97% off 20-day moving average.

TRI Pointe Group (NYSE: TPH), one of the top 10 largest public homebuilding companies in the United States based on revenue, declared that Mike Grubbs, co-founder, chief financial officer and treasurer, will retire on January 1, 2020, concluding a 32-year career in homebuilding and real estate finance. Grubbs will be succeeded by Glenn Keeler, current chief accounting officer, also effective January 1, 2020.

Mr. Grubbs co-founded TRI Pointe Group, formerly TRI Pointe Homes, in May 2009 with CEO Doug Bauer and president/COO Tom Mitchell and has served continuously in that role during the past decade. Thanks in part to Mr. Grubbs’ efforts, the company has grown from a small regional homebuilder launched in the aftermath of the housing downturn to a coast-to-coast powerhouse that surpassed $3 billion in revenue in 2018.

“Mike will always hold a special place in TRI Pointe’s history and in our hearts for being one of the founding members of our company and keeping us on solid financial footing during our first ten years,” said Mr. Bauer. “The best practices he established and his financial acumen during his tenure as CFO will be a legacy that propels TRI Pointe Group into the future.”

“It has been a truly rewarding experience to see how far TRI Pointe has come in the past decade,” said Mr. Grubbs. “The greatest honor though, has been working with Doug, Tom and the rest of our outstanding team. As I prepare for the next phase of my life, I am confident that TRI Pointe Group will continue to excel with Glenn leading the finance and accounting efforts.”

Mr. Keeler joined TRI Pointe in 2013 as corporate controller, and was named chief accounting officer in 2014. During his time at the company, Mr. Keeler has provided leadership over the accounting, financial planning, and information technology teams. Mr. Keeler also led the financial integration of the five homebuilding brands acquired in the WRECO merger. With over 15 years of finance and accounting experience, Mr. Keeler started his career at Ernst & Young LLP and previously held executive finance roles with other publicly traded companies prior to joining TRI Pointe Group.   The Industrial Goods sector company, TRI Pointe Group noticed change of 2.33% to $12.32 along volume of 1598305 shares in recent session compared to an average volume of 1483.43K. The stock observed return of 7.41% in 5 days trading activity. The stock was at -0.40% over one month performance. TPH’s shares are at -3.07% for the quarter and driving a -24.69% return over the course of the past year and is now at 12.72% since this point in 2018.

The average volatility for the week at 2.82% and for month was at 3.30%. There are 141.87M shares outstanding and 140.02M shares are floated in market. Right now the stock beta is 1.23.

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