Tri Pointe Homes, Inc. (NYSE:TPH) Given Average Rating of “Moderate Buy” by Analysts

Shares of Tri Pointe Homes, Inc. (NYSE:TPH) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $46.75.

Several equities analysts have weighed in on TPH shares. Oppenheimer raised their price target on Tri Pointe Homes from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Royal Bank of Canada raised their price objective on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a research note on Tuesday, September 17th. Finally, Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th.

Insider Buying and Selling at Tri Pointe Homes

In other news, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $46.16, for a total value of $1,117,072.00. Following the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at approximately $6,882,825.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at approximately $6,882,825.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Tri Pointe Homes

Several institutional investors have recently made changes to their positions in TPH. Oliver Luxxe Assets LLC increased its holdings in Tri Pointe Homes by 1.2% in the 1st quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock worth $1,137,000 after acquiring an additional 354 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Tri Pointe Homes by 1.5% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock worth $959,000 after acquiring an additional 376 shares in the last quarter. Blue Trust Inc. boosted its stake in Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Tri Pointe Homes by 21.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,748 shares of the construction company’s stock worth $97,000 after purchasing an additional 487 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Tri Pointe Homes by 7.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company’s stock worth $293,000 after purchasing an additional 519 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $44.73 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes has a 12-month low of $24.18 and a 12-month high of $47.78. The stock has a 50-day moving average price of $43.52 and a 200 day moving average price of $39.44. The stock has a market capitalization of $4.24 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.73 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.16. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The firm’s revenue was up 38.3% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Equities research analysts forecast that Tri Pointe Homes will post 4.68 EPS for the current fiscal year.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.