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

Tri Pointe Homes, Inc. (NYSE:TPH) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.75.

A number of analysts recently weighed in on TPH shares. Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Oppenheimer upped their target price on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note 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 target on the stock in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada increased their price target on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 26th.

Tri Pointe Homes Trading Down 2.8 %

Shares of TPH stock opened at $44.73 on Friday. The company’s 50-day moving average price is $43.52 and its 200-day moving average price is $39.44. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.73 and a beta of 1.59. Tri Pointe Homes has a twelve month low of $24.18 and a twelve month high of $47.78.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.16. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. Tri Pointe Homes’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, equities analysts predict that Tri Pointe Homes will post 4.68 earnings per share for the current year.

Insider Buying and Selling at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value 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. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value 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. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the sale, the chief financial officer now owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Tri Pointe Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in Tri Pointe Homes by 14.1% during the 2nd quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock worth $34,475,000 after purchasing an additional 114,244 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Tri Pointe Homes by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company’s stock worth $34,135,000 after buying an additional 31,041 shares during the last quarter. Norges Bank acquired a new stake in Tri Pointe Homes in the 4th quarter worth about $22,862,000. Cubist Systematic Strategies LLC boosted its stake in Tri Pointe Homes by 149.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company’s stock worth $19,907,000 after buying an additional 320,221 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Tri Pointe Homes by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 530,036 shares of the construction company’s stock valued at $20,491,000 after purchasing an additional 2,211 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.