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

Tri Pointe Homes, Inc. (NYSE:TPH) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings 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 objective among analysts that have issued a report on the stock in the last year is $45.75.

A number of research firms have recently weighed in on TPH. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Oppenheimer dropped their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wedbush reissued a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Royal Bank of Canada dropped their price target on 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.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $37.33 on Friday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.60 and a beta of 1.64. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $38.94 and a 200-day moving average price of $41.68. Tri Pointe Homes has a twelve month low of $33.24 and a twelve month high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data 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 firm had revenue of $1.11 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, equities research analysts predict that Tri Pointe Homes will post 4.72 EPS for the current fiscal year.

Tri Pointe Homes announced that its board has initiated a stock repurchase plan on Wednesday, December 18th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, COO Thomas J. Mitchell sold 77,384 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the completion of the sale, the chief operating officer now directly owns 708,159 shares of the company’s stock, valued at $27,724,424.85. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Tri Pointe Homes

Several hedge funds and other institutional investors have recently modified their holdings of TPH. Reston Wealth Management LLC purchased a new position in Tri Pointe Homes during the 3rd quarter valued at $45,000. Nisa Investment Advisors LLC boosted its holdings in Tri Pointe Homes by 51.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock valued at $84,000 after acquiring an additional 789 shares during the period. Quarry LP boosted its holdings in Tri Pointe Homes by 123.3% during the 2nd quarter. Quarry LP now owns 2,401 shares of the construction company’s stock valued at $89,000 after acquiring an additional 1,326 shares during the period. Blue Trust Inc. boosted its holdings in Tri Pointe Homes by 33.5% during the 3rd quarter. Blue Trust Inc. now owns 2,368 shares of the construction company’s stock valued at $107,000 after acquiring an additional 594 shares during the period. Finally, GAMMA Investing LLC raised its position in Tri Pointe Homes by 75.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock valued at $121,000 after purchasing an additional 1,149 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.