Tri Pointe Homes Inc. (NYSE:TPH) shares saw strong trading volume on Friday . 2,961,915 shares traded hands during trading, an increase of 33% from the previous session’s volume of 2,223,826 shares.The stock last traded at $12.75 and had previously closed at $12.30.

A number of research analysts recently weighed in on the company. Deutsche Bank AG decreased their target price on Tri Pointe Homes from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, March 18th. Zacks Investment Research lowered Tri Pointe Homes from a “hold” rating to a “sell” rating in a report on Thursday. FBR & Co reissued an “outperform” rating and set a $15.00 target price on shares of Tri Pointe Homes in a report on Wednesday, May 18th. Sterne Agee CRT reissued a “neutral” rating on shares of Tri Pointe Homes in a report on Monday, May 16th. Finally, TheStreet raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.10.

The company has a market cap of $2.07 billion and a P/E ratio of 9.43. The stock has a 50 day moving average of $11.82 and a 200-day moving average of $11.27.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Wednesday, April 27th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. During the same quarter in the prior year, the business earned $0.09 EPS. The company earned $424 million during the quarter, compared to the consensus estimate of $407.66 million. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities research analysts anticipate that Tri Pointe Homes Inc. will post $1.24 earnings per share for the current year.

Several hedge funds and institutional investors recently bought and sold shares of TPH. Thornburg Investment Management Inc. raised its position in Tri Pointe Homes by 0.6% in the fourth quarter. Thornburg Investment Management Inc. now owns 2,852,073 shares of the company’s stock worth $36,136,000 after buying an additional 16,057 shares in the last quarter. Alpine Woods Capital Investors LLC raised its position in Tri Pointe Homes by 100.9% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 401,800 shares of the company’s stock worth $5,091,000 after buying an additional 201,800 shares in the last quarter. Bank of Montreal Can raised its position in Tri Pointe Homes by 2.8% in the fourth quarter. Bank of Montreal Can now owns 2,573,115 shares of the company’s stock worth $32,601,000 after buying an additional 70,665 shares in the last quarter. California State Teachers Retirement System raised its position in Tri Pointe Homes by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 299,583 shares of the company’s stock worth $3,796,000 after buying an additional 4,861 shares in the last quarter. Finally, Cypress Funds LLC raised its position in Tri Pointe Homes by 15.0% in the fourth quarter. Cypress Funds LLC now owns 575,000 shares of the company’s stock worth $7,285,000 after buying an additional 75,000 shares in the last quarter.

TRI Pointe Group, Inc, formerly Tri Pointe Homes, Inc, is engaged in the design, construction and sale of single-family homes. The Company’s operations are organized into six segments: Maracay, consisting of operations in Arizona; Pardee, consisting of operations in California and Nevada; Quadrant, consisting of operations in Washington; Trendmaker, consisting of operations in Texas; TRI Pointe, consisting of operations in California and Colorado, and Winchester, consisting of operations in Maryland and Virginia.

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