Tri Pointe Homes, Inc. (NYSE:TPH) Receives $45.75 Consensus PT from Analysts

Shares of Tri Pointe Homes, Inc. (NYSE:TPH) have earned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $45.75.

A number of brokerages recently commented on TPH. Oppenheimer decreased their price objective 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. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price for the company in a research report on Tuesday, September 17th. Wedbush reiterated a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th.

Tri Pointe Homes Trading Down 0.1 %

Shares of TPH opened at $41.49 on Friday. The stock’s fifty day simple moving average is $42.92 and its 200-day simple moving average is $41.80. The firm has a market capitalization of $3.88 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.69 and a beta of 1.60. Tri Pointe Homes has a 12-month low of $30.27 and a 12-month high of $47.78. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was up 34.9% compared to the same quarter last year. As a group, research analysts predict that Tri Pointe Homes will post 4.72 earnings per share for the current year.

Insider Transactions at Tri Pointe Homes

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 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. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Gradient Investments LLC bought a new stake in shares of Tri Pointe Homes during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC bought a new stake in Tri Pointe Homes during the third quarter worth $45,000. GAMMA Investing LLC lifted its stake in Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after acquiring an additional 588 shares during the last quarter. Blue Trust Inc. grew its position in shares of Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after acquiring an additional 427 shares during the period. Finally, CWM LLC increased its stake in shares of Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after purchasing an additional 920 shares during the last quarter. 97.01% of the stock is 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.