Tri Pointe Homes Inc. (NYSE:TPH) fell 3.1% during mid-day trading 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 issued reports on TPH. FBR & Co raised their price objective on shares of Tri Pointe Homes from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup Inc. raised their price objective on shares of Tri Pointe Homes from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Saturday. Sterne Agee CRT reiterated a “neutral” rating on shares of Tri Pointe Homes in a research report on Monday, May 16th. Finally, TheStreet upgraded shares of Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $15.58.

The stock’s 50-day moving average price is $12.50 and its 200 day moving average price is $11.41. The stock has a market cap of $2.16 billion and a price-to-earnings ratio of 9.16.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.18. The firm earned $556.93 million during the quarter, compared to the consensus estimate of $545.23 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Equities analysts anticipate that Tri Pointe Homes Inc. will post $1.27 EPS for the current fiscal year.

Other large investors have recently modified their holdings of the company. Foresters Investment Management Company Inc. increased 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 last quarter. Dimensional Fund Advisors LP increased 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 increased 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 increased 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 increased 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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