Wedbush began coverage on shares of Tri Pointe Homes Inc. (NYSE:TPH) in a research report sent to investors on Monday. The brokerage issued an outperform rating and a $17.00 target price on the stock.

Analyst Recommendations for Tri Pointe Homes (NYSE:TPH)

A number of other equities research analysts have also recently commented on TPH. TheStreet upgraded Tri Pointe Homes from a sell rating to a hold rating in a report on Wednesday, June 22nd. Zacks Investment Research cut Tri Pointe Homes from a hold rating to a sell rating in a report on Thursday, July 7th. FBR & Co raised their price objective on Tri Pointe Homes from $15.00 to $17.00 and gave the stock an outperform rating in a report on Thursday, July 28th. Finally, Citigroup Inc. raised their price objective on Tri Pointe Homes from $15.00 to $17.00 and gave the stock a buy rating in a report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $15.79.

Tri Pointe Homes (NYSE:TPH) opened at 12.83 on Monday. Tri Pointe Homes has a 1-year low of $8.83 and a 1-year high of $14.60. The company’s 50-day moving average price is $13.34 and its 200 day moving average price is $12.30. The firm has a market capitalization of $2.06 billion, a PE ratio of 8.73 and a beta of 1.61.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Wednesday, July 27th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. The firm had revenue of $556.93 million for the quarter, compared to analysts’ expectations of $545.23 million. Tri Pointe Homes had a return on equity of 14.02% and a net margin of 9.23%. Tri Pointe Homes’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, equities analysts anticipate that Tri Pointe Homes will post $1.27 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Tri Pointe Homes by 22.8% in the second quarter. Dimensional Fund Advisors LP now owns 8,499,848 shares of the company’s stock valued at $100,467,000 after buying an additional 1,575,627 shares during the period. Franklin Resources Inc. boosted its stake in Tri Pointe Homes by 1.6% in the first quarter. Franklin Resources Inc. now owns 6,074,700 shares of the company’s stock valued at $71,560,000 after buying an additional 94,640 shares during the period. Carlson Capital L P boosted its stake in Tri Pointe Homes by 1.4% in the second quarter. Carlson Capital L P now owns 5,844,579 shares of the company’s stock valued at $69,083,000 after buying an additional 81,100 shares during the period. Greenhaven Associates Inc. boosted its stake in Tri Pointe Homes by 0.7% in the second quarter. Greenhaven Associates Inc. now owns 5,009,519 shares of the company’s stock valued at $59,213,000 after buying an additional 34,500 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Tri Pointe Homes by 3.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,985,994 shares of the company’s stock valued at $58,934,000 after buying an additional 160,027 shares during the period. Institutional investors and hedge funds own 98.27% of the company’s stock.

About Tri Pointe Homes

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.

5 Day Chart for NYSE:TPH

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