Tri Pointe Homes Inc. (NYSE:TPH) 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.

Several analysts have recently weighed in on the stock. FBR & Co restated an “outperform” rating and set a $15.00 price objective (up previously from $13.00) on shares of Tri Pointe Homes in a research report on Thursday, April 28th. TheStreet upgraded shares of Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Zacks Investment Research cut shares of Tri Pointe Homes from a “hold” rating to a “sell” rating in a research report on Thursday. Deutsche Bank AG decreased their target price on shares of Tri Pointe Homes from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, March 18th. Finally, Susquehanna started coverage on shares of Tri Pointe Homes in a research report on Wednesday, March 30th. They issued a “positive” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.10.

The stock has a market cap of $2.07 billion and a price-to-earnings ratio of 9.43. The stock has a 50 day moving average price of $11.82 and a 200 day moving average price of $11.27.

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

A number of institutional investors have bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. raised its position in Tri Pointe Homes by 45.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 90,273 shares of the company’s stock worth $1,143,000 after buying an additional 28,237 shares in the last quarter. Eaton Vance Management raised its position in Tri Pointe Homes by 14.0% in the fourth quarter. Eaton Vance Management now owns 91,195 shares of the company’s stock worth $1,156,000 after buying an additional 11,195 shares in the last quarter. Stevens Capital Management LP purchased a new position in Tri Pointe Homes during the fourth quarter valued at $1,591,000. Sei Investments Co. raised its position in Tri Pointe Homes by 12.6% in the fourth quarter. Sei Investments Co. now owns 128,590 shares of the company’s stock valued at $1,629,000 after buying an additional 14,405 shares during the period. Finally, Trexquant Investment LP raised its position in Tri Pointe Homes by 51.2% in the fourth quarter. Trexquant Investment LP now owns 128,939 shares of the company’s stock valued at $1,634,000 after buying an additional 43,639 shares during the period.

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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