S&P SmallCap 600 Index Adjustments Announced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy TPH?
Source: PRnewswire
- New Addition: Bright Horizons Family Solutions is set to join the S&P SmallCap 600 Index on May 14, 2026, indicating recognition in the consumer services sector, which is expected to enhance its market visibility and investment appeal.
- Company Removal: Tri Pointe Homes will be removed from the index on the same date, which may negatively impact its stock price, reflecting market concerns about its future growth prospects.
- Financial Sector Addition: Remitly Global will also be added to the index on May 14, representing the fintech sector, and is anticipated to attract more investor attention due to its innovative services and growth potential.
- Healthcare Sector Change: Apellis Pharmaceuticals will be deleted from the index, indicating a decline in market confidence in its healthcare prospects, which could affect its financing capabilities and future strategic direction.
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Analyst Views on TPH
Wall Street analysts forecast TPH stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 46.950
Low
31.00
Averages
37.00
High
46.00
Current: 46.950
Low
31.00
Averages
37.00
High
46.00
About TPH
Tri Pointe Homes, Inc. operates as a homebuilder, which is engaged in the design, construction, and sale of single-family attached and detached homes. It operates in two businesses: homebuilding and financial services. Its homebuilding operations consists of three segments: West Region, which includes Arizona, California, Nevada, and Washington; Central Region, which includes Colorado, Texas and Utah, and East Region, which includes the District of Columbia, Florida, Maryland, North Carolina, South Carolina, and Virginia. Its financial services operation (Tri Pointe Solutions) comprises its Tri Pointe Connect mortgage financing operations, its Tri Pointe Assurance title and escrow services operations, and its Tri Pointe Advantage property and casualty insurance agency operations. Tri Pointe Solutions provides mortgage loans to homebuyers through Tri Pointe Connect, title and escrow services through Tri Pointe Assurance, and property and casualty insurance through Tri Pointe Advantage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
S&P SmallCap 600 Index Adjustments Announced
- New Addition: Bright Horizons Family Solutions is set to join the S&P SmallCap 600 Index on May 14, 2026, indicating recognition in the consumer services sector, which is expected to enhance its market visibility and investment appeal.
- Company Removal: Tri Pointe Homes will be removed from the index on the same date, which may negatively impact its stock price, reflecting market concerns about its future growth prospects.
- Financial Sector Addition: Remitly Global will also be added to the index on May 14, representing the fintech sector, and is anticipated to attract more investor attention due to its innovative services and growth potential.
- Healthcare Sector Change: Apellis Pharmaceuticals will be deleted from the index, indicating a decline in market confidence in its healthcare prospects, which could affect its financing capabilities and future strategic direction.
See More
Changes to S&P SmallCap 600 Index Components Announced
- Component Replacement: Bright Horizons Family Solutions Inc. (NYSE:BFAM) will replace Tri Pointe Homes Inc. (NYSE:TPH), enhancing the diversity of the S&P SmallCap 600 Index in the consumer discretionary sector, which is expected to attract more investor interest in the index.
- Acquisition Impact: Sumitomo Forestry Group (TSE:1911) is acquiring Tri Pointe Homes, with the deal expected to close soon, which will affect Tri Pointe Homes' market performance and may influence its standing within the small-cap index.
- New Entrant: Remitly Global Inc. (NASD:RELY) will replace Apellis Pharmaceuticals Inc. (NASD:APLS), introducing a new fintech company to the S&P SmallCap 600 Index, which is anticipated to enhance the growth potential of the index.
- Market Reaction Anticipation: With these component changes, the market may react positively or negatively to the overall performance of the S&P SmallCap 600 Index, prompting investors to closely monitor the subsequent performance of the affected companies.
See More
Tri Pointe Homes Misses Q1 2026 Revenue Expectations
- Revenue Decline: Tri Pointe Homes reported Q1 2026 revenue of $507.9 million, a 31.5% year-on-year decline that fell short of the $537.1 million expected by the market, indicating persistent demand weakness that could undermine future market confidence.
- Adjusted EPS: The company posted an adjusted EPS of $0.16, in line with analyst expectations but significantly down from $0.70 in the same quarter last year, reflecting a notable decline in profitability that may raise investor concerns about future earnings potential.
- Backlog Reduction: At the end of the quarter, Tri Pointe Homes had a backlog of $989.9 million, down 24.3% year-on-year, suggesting that the company has not secured enough new orders to sustain future growth, potentially impacting its competitive position in the market.
- Decreased Operating Efficiency: While the average operating margin over the past five years was 13.1%, the breakeven margin this quarter dropped to 0.8%, down 9.6 percentage points year-on-year, indicating challenges in cost control and operational efficiency that could affect long-term profitability.
See More
O’Keefe Stevens Advisory Underperforms in Q1 2026 Amid Market Declines
- Market Underperformance: In Q1 2026, O’Keefe Stevens Advisory's portfolio underperformed against a broadly weaker market, with the S&P 500 declining by 4.3% and the Nasdaq Composite falling by 7.0%, indicating a challenging market environment.
- New Investment Position: The portfolio initiated a new position in Baxter International (NYSE:BAX) during Q1 2026, suggesting a positive outlook on the company's growth potential despite the overall market's weak performance.
- Exit Strategy: In the same quarter, the strategy exited positions in Tri Pointe Homes (NYSE:TPH) and Alibaba (NYSE:BABA), reflecting a cautious stance on these companies' prospects, possibly to mitigate further market risks.
- Financial Data Insights: Tri Pointe Homes reported a GAAP EPS of $0.08, missing expectations by $0.09, while its revenue of $507.89 million beat estimates by $12.22 million, indicating resilience in revenue but a need for improvement in profitability.
See More
Tri Pointe Homes Celebrates 15th Anniversary of Bay Area Division
- Outstanding Market Performance: Since its establishment in 2010, Tri Pointe Homes' Bay Area division has developed 48 communities and closed over 4,000 homes, demonstrating its sustained growth capability in a competitive market and further solidifying its leadership position in California's real estate sector.
- Cultural Advantage: The division's team has remained stable since inception, emphasizing a management philosophy of 'hiring good people' and 'people-centric' practices, resulting in employee turnover rates lower than industry averages, thereby enhancing project execution efficiency and customer satisfaction.
- Customer Experience Recognition: The Bay Area division of Tri Pointe Homes has received multiple awards for 'Best Places to Work' and in customer experience management for several consecutive years, indicating its success in delivering high-quality construction and outstanding customer service, which further enhances brand reputation.
- Commitment to Future Development: Despite market challenges, Tri Pointe Homes is committed to meeting the growing housing needs in the Bay Area, with plans to launch several new communities, showcasing its long-term commitment to regional economic growth and housing solutions.
See More
Final New Home Sales Opportunity in Greater Seattle
- Final Opportunity: Tri Pointe Homes® has launched sales for Timber Trails in Snoqualmie Ridge, marking the last subdivision of the over 1,300-acre planned community, indicating that buyers face a rare chance to purchase new homes.
- Community Development History: Since its inception in the late 1990s, Snoqualmie Ridge has evolved over two decades into a mature community that integrates housing, retail, schools, and recreational facilities, exemplifying a model for growth in the Eastside region.
- Home Design and Pricing: Timber Trails features four distinct floor plans ranging from 1,900 to 3,100 square feet, with anticipated prices starting in the low $1 million range, catering to the high demand for newly built homes in established communities.
- Company Background and Achievements: Operating in the Pacific Northwest since 1969, Tri Pointe Homes has sold over 20,000 homes and was awarded the 2024 Developer of the Year, highlighting its leadership in the residential construction sector.
See More
S&P SmallCap 600 Index Adjustments Announced
- New Addition: Bright Horizons Family Solutions is set to join the S&P SmallCap 600 Index on May 14, 2026, indicating recognition in the consumer services sector, which is expected to enhance its market visibility and investment appeal.
- Company Removal: Tri Pointe Homes will be removed from the index on the same date, which may negatively impact its stock price, reflecting market concerns about its future growth prospects.
- Financial Sector Addition: Remitly Global will also be added to the index on May 14, representing the fintech sector, and is anticipated to attract more investor attention due to its innovative services and growth potential.
- Healthcare Sector Change: Apellis Pharmaceuticals will be deleted from the index, indicating a decline in market confidence in its healthcare prospects, which could affect its financing capabilities and future strategic direction.
See More
Changes to S&P SmallCap 600 Index Components Announced
- Component Replacement: Bright Horizons Family Solutions Inc. (NYSE:BFAM) will replace Tri Pointe Homes Inc. (NYSE:TPH), enhancing the diversity of the S&P SmallCap 600 Index in the consumer discretionary sector, which is expected to attract more investor interest in the index.
- Acquisition Impact: Sumitomo Forestry Group (TSE:1911) is acquiring Tri Pointe Homes, with the deal expected to close soon, which will affect Tri Pointe Homes' market performance and may influence its standing within the small-cap index.
- New Entrant: Remitly Global Inc. (NASD:RELY) will replace Apellis Pharmaceuticals Inc. (NASD:APLS), introducing a new fintech company to the S&P SmallCap 600 Index, which is anticipated to enhance the growth potential of the index.
- Market Reaction Anticipation: With these component changes, the market may react positively or negatively to the overall performance of the S&P SmallCap 600 Index, prompting investors to closely monitor the subsequent performance of the affected companies.
See More
Tri Pointe Homes Misses Q1 2026 Revenue Expectations
- Revenue Decline: Tri Pointe Homes reported Q1 2026 revenue of $507.9 million, a 31.5% year-on-year decline that fell short of the $537.1 million expected by the market, indicating persistent demand weakness that could undermine future market confidence.
- Adjusted EPS: The company posted an adjusted EPS of $0.16, in line with analyst expectations but significantly down from $0.70 in the same quarter last year, reflecting a notable decline in profitability that may raise investor concerns about future earnings potential.
- Backlog Reduction: At the end of the quarter, Tri Pointe Homes had a backlog of $989.9 million, down 24.3% year-on-year, suggesting that the company has not secured enough new orders to sustain future growth, potentially impacting its competitive position in the market.
- Decreased Operating Efficiency: While the average operating margin over the past five years was 13.1%, the breakeven margin this quarter dropped to 0.8%, down 9.6 percentage points year-on-year, indicating challenges in cost control and operational efficiency that could affect long-term profitability.
See More
O’Keefe Stevens Advisory Underperforms in Q1 2026 Amid Market Declines
- Market Underperformance: In Q1 2026, O’Keefe Stevens Advisory's portfolio underperformed against a broadly weaker market, with the S&P 500 declining by 4.3% and the Nasdaq Composite falling by 7.0%, indicating a challenging market environment.
- New Investment Position: The portfolio initiated a new position in Baxter International (NYSE:BAX) during Q1 2026, suggesting a positive outlook on the company's growth potential despite the overall market's weak performance.
- Exit Strategy: In the same quarter, the strategy exited positions in Tri Pointe Homes (NYSE:TPH) and Alibaba (NYSE:BABA), reflecting a cautious stance on these companies' prospects, possibly to mitigate further market risks.
- Financial Data Insights: Tri Pointe Homes reported a GAAP EPS of $0.08, missing expectations by $0.09, while its revenue of $507.89 million beat estimates by $12.22 million, indicating resilience in revenue but a need for improvement in profitability.
See More
Tri Pointe Homes Celebrates 15th Anniversary of Bay Area Division
- Outstanding Market Performance: Since its establishment in 2010, Tri Pointe Homes' Bay Area division has developed 48 communities and closed over 4,000 homes, demonstrating its sustained growth capability in a competitive market and further solidifying its leadership position in California's real estate sector.
- Cultural Advantage: The division's team has remained stable since inception, emphasizing a management philosophy of 'hiring good people' and 'people-centric' practices, resulting in employee turnover rates lower than industry averages, thereby enhancing project execution efficiency and customer satisfaction.
- Customer Experience Recognition: The Bay Area division of Tri Pointe Homes has received multiple awards for 'Best Places to Work' and in customer experience management for several consecutive years, indicating its success in delivering high-quality construction and outstanding customer service, which further enhances brand reputation.
- Commitment to Future Development: Despite market challenges, Tri Pointe Homes is committed to meeting the growing housing needs in the Bay Area, with plans to launch several new communities, showcasing its long-term commitment to regional economic growth and housing solutions.
See More
Final New Home Sales Opportunity in Greater Seattle
- Final Opportunity: Tri Pointe Homes® has launched sales for Timber Trails in Snoqualmie Ridge, marking the last subdivision of the over 1,300-acre planned community, indicating that buyers face a rare chance to purchase new homes.
- Community Development History: Since its inception in the late 1990s, Snoqualmie Ridge has evolved over two decades into a mature community that integrates housing, retail, schools, and recreational facilities, exemplifying a model for growth in the Eastside region.
- Home Design and Pricing: Timber Trails features four distinct floor plans ranging from 1,900 to 3,100 square feet, with anticipated prices starting in the low $1 million range, catering to the high demand for newly built homes in established communities.
- Company Background and Achievements: Operating in the Pacific Northwest since 1969, Tri Pointe Homes has sold over 20,000 homes and was awarded the 2024 Developer of the Year, highlighting its leadership in the residential construction sector.
See More
