Shares of Tri Pointe Homes Inc. (NYSE:TPH) rose 3% during mid-day trading on Tuesday . The stock traded as high as $14.20 and last traded at $14.10, with a volume of 1,186,441 shares changing hands. The stock had previously closed at $13.69.

TPH has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Tri Pointe Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 19th. TheStreet upgraded shares of Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Sterne Agee CRT restated a “neutral” rating on shares of Tri Pointe Homes in a research report on Monday, May 16th. FBR & Co restated an “outperform” rating and set a $15.00 target price on shares of Tri Pointe Homes in a research report on Wednesday, May 18th. Finally, Citigroup Inc. upped their target price on shares of Tri Pointe Homes from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.58.

The stock has a market cap of $2.22 billion and a P/E ratio of 9.39. The firm has a 50 day moving average price of $13.39 and a 200-day moving average price of $11.85.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.18. The company earned $556.93 million during the quarter, compared to analyst estimates of $545.23 million. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. On average, equities research analysts predict that Tri Pointe Homes Inc. will post $1.27 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Tri Pointe Homes stock. Trexquant Investment LP increased its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 51.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,939 shares of the company’s stock after buying an additional 43,639 shares during the period. Trexquant Investment LP owned 0.08% of Tri Pointe Homes worth $1,634,000 as of its most recent SEC filing.

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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