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

Shares of Tri Pointe Homes, Inc. (NYSE:TPH) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $47.25.

TPH has been the subject of several research reports. Oppenheimer boosted their target price on Tri Pointe Homes from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Wedbush reissued a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Royal Bank of Canada raised their target price on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research report on Tuesday, September 17th.

Tri Pointe Homes Trading Down 4.8 %

TPH opened at $44.26 on Thursday. Tri Pointe Homes has a 1-year low of $24.18 and a 1-year high of $47.78. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.76 and a beta of 1.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. The company’s 50 day simple moving average is $43.94 and its two-hundred day simple moving average is $40.76.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $0.60 EPS. The company’s quarterly revenue was up 38.3% on a year-over-year basis. Analysts expect that Tri Pointe Homes will post 4.68 EPS 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 Tri Pointe Homes stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the completion of the transaction, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the transaction, the chief financial officer now owns 149,108 shares in the company, valued at approximately $6,882,825.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Tri Pointe Homes by 94.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,407 shares of the construction company’s stock worth $262,000 after buying an additional 3,588 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Tri Pointe Homes by 13.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 17,424 shares of the construction company’s stock worth $674,000 after purchasing an additional 2,063 shares during the last quarter. Signet Financial Management LLC lifted its stake in shares of Tri Pointe Homes by 1.8% during the first quarter. Signet Financial Management LLC now owns 133,689 shares of the construction company’s stock valued at $5,168,000 after acquiring an additional 2,372 shares during the period. Oliver Luxxe Assets LLC boosted its stake in shares of 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 valued at $1,137,000 after purchasing an additional 354 shares during the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new stake in Tri Pointe Homes during the 1st quarter worth $200,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.