Tri Pointe Homes, Inc. (NYSE:TPH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Tri Pointe Homes, Inc. (NYSE:TPH) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $45.75.

A number of analysts have issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wedbush reiterated a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, October 24th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price on the stock in a research report on Tuesday, September 17th. Finally, Oppenheimer lowered their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 25th.

Tri Pointe Homes Trading Down 1.6 %

Shares of NYSE TPH opened at $41.54 on Friday. Tri Pointe Homes has a one year low of $30.27 and a one year high of $47.78. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3.89 billion, a PE ratio of 8.62, a PEG ratio of 0.71 and a beta of 1.60. The business has a 50-day moving average price of $42.99 and a two-hundred day moving average price of $41.75.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. As a group, analysts predict that Tri Pointe Homes will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction 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 transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

Hedge funds have recently bought and sold shares of the stock. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new stake in Tri Pointe Homes during the third quarter worth $45,000. GAMMA Investing LLC increased its holdings in Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after buying an additional 588 shares during the period. Blue Trust Inc. raised its stake in shares of Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after buying an additional 427 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after buying an additional 920 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

About Tri Pointe Homes

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.