Tri Pointe Homes Inc. (NYSE:TPH) fell 3.1% on Friday . The stock traded as low as $13.48 and last traded at $13.50, with a volume of 970,988 shares traded. The stock had previously closed at $13.93.

Several brokerages have weighed in on TPH. Citigroup Inc. increased their price target on Tri Pointe Homes from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday. FBR & Co raised their target price on Tri Pointe Homes from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday. Zacks Investment Research cut Tri Pointe Homes from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. Sterne Agee CRT restated a “neutral” rating on shares of Tri Pointe Homes in a research report on Monday, May 16th. Finally, TheStreet upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Tri Pointe Homes presently has a consensus rating of “Buy” and an average price target of $14.92.

The stock has a market cap of $2.18 billion and a P/E ratio of 9.95. The stock has a 50 day moving average of $12.48 and a 200-day moving average of $11.39.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. During the same period last year, the firm earned $0.34 earnings per share. The company earned $556.93 million during the quarter, compared to analysts’ expectations of $545.23 million. Tri Pointe Homes’s revenue was up 30.4% on a year-over-year basis. On average, equities analysts anticipate that Tri Pointe Homes Inc. will post $1.27 earnings per share for the current year.

A number of large investors recently made changes to their positions in TPH. Foresters Investment Management Company Inc. boosted its stake in shares of Tri Pointe Homes by 0.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 733,000 shares of the company’s stock worth $9,287,000 after buying an additional 4,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Tri Pointe Homes by 39.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,004,392 shares of the company’s stock worth $76,076,000 after buying an additional 1,706,042 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of Tri Pointe Homes by 51.2% in the fourth quarter. Trexquant Investment LP now owns 128,939 shares of the company’s stock worth $1,634,000 after buying an additional 43,639 shares during the last quarter. Alpine Woods Capital Investors LLC boosted its stake in shares of 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 during the last quarter. Finally, Eaton Vance Management boosted its stake in shares of 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 during 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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