Shares of Tri Pointe Homes, Inc. (NYSE:TPH – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating 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 equities analysts recently commented on TPH shares. Royal Bank of Canada lowered 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. Oppenheimer reduced their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, October 24th.
Read Our Latest Analysis on Tri Pointe Homes
Insider Activity at Tri Pointe Homes
Institutional Investors Weigh In On Tri Pointe Homes
Hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC acquired a new position in shares of Tri Pointe Homes during the 3rd quarter valued at about $45,000. Nisa Investment Advisors LLC increased its holdings in Tri Pointe Homes by 51.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock valued at $84,000 after purchasing an additional 789 shares in the last quarter. Quarry LP raised its holdings in shares of 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 buying an additional 1,326 shares during the period. Blue Trust Inc. raised its stake in shares of Tri Pointe Homes by 33.5% during the third quarter. Blue Trust Inc. now owns 2,368 shares of the construction company’s stock valued at $107,000 after purchasing an additional 594 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Tri Pointe Homes by 75.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock worth $121,000 after buying an additional 1,149 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Tri Pointe Homes Price Performance
TPH stock opened at $38.49 on Friday. 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 1 year low of $33.24 and a 1 year high of $47.78. The firm has a market capitalization of $3.60 billion, a P/E ratio of 7.99, a P/E/G ratio of 0.60 and a beta of 1.64. The business’s 50-day moving average is $38.85 and its two-hundred day moving average is $41.75.
Tri Pointe Homes declared that its board has initiated a stock repurchase program on Wednesday, December 18th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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.
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