Brokerages Set Tri Pointe Homes, Inc. (NYSE:TPH) Target Price at $45.75

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.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $45.75.

TPH has been the subject of several research reports. Wedbush reissued a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Zelman & Associates upgraded shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a report on Tuesday, September 17th. Oppenheimer reduced their target price on shares of 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. Finally, Royal Bank of Canada lowered their price target on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th.

Tri Pointe Homes Stock Down 1.1 %

Tri Pointe Homes stock opened at $41.39 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. Tri Pointe Homes has a fifty-two week low of $28.74 and a fifty-two week high of $47.78. The firm has a fifty day moving average price of $43.38 and a two-hundred day moving average price of $41.37. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.68 and a beta of 1.60.

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

Insider Buying and Selling

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 $3,798,869.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Tri Pointe Homes

Institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its position in Tri Pointe Homes by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 84,939 shares of the construction company’s stock valued at $3,284,000 after acquiring an additional 1,100 shares in the last quarter. Duality Advisers LP bought a new position in Tri Pointe Homes in the 1st quarter worth approximately $336,000. Illinois Municipal Retirement Fund lifted its holdings in Tri Pointe Homes by 2.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 57,313 shares of the construction company’s stock worth $2,216,000 after buying an additional 1,558 shares in the last quarter. Inspire Advisors LLC boosted its position in Tri Pointe Homes by 71.4% in the 1st quarter. Inspire Advisors LLC now owns 13,541 shares of the construction company’s stock valued at $523,000 after buying an additional 5,639 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Tri Pointe Homes by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 19,415 shares of the construction company’s stock valued at $751,000 after buying an additional 1,338 shares during the period. 97.01% of the stock is owned by 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.