Tri Pointe Homes (NYSE:TPH) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Tri Pointe Homes (NYSE:TPH) from a hold rating to a buy rating in a research report released on Friday morning.

TPH has been the topic of a number of other research reports. Oppenheimer increased their price target on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an outperform rating in a research report on Friday. Wedbush reiterated a neutral rating and set a $35.00 target price on shares of Tri Pointe Homes in a research report on Thursday, April 25th. Finally, Royal Bank of Canada raised their price target on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an outperform rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Tri Pointe Homes currently has a consensus rating of Moderate Buy and a consensus price target of $40.60.

Tri Pointe Homes Trading Down 0.3 %

Shares of Tri Pointe Homes stock opened at $37.75 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a 50-day moving average of $35.85 and a 200-day moving average of $33.09. Tri Pointe Homes has a 52-week low of $24.18 and a 52-week high of $39.08. The stock has a market cap of $3.58 billion, a PE ratio of 10.07, a PEG ratio of 0.80 and a beta of 1.54.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The firm had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. During the same quarter in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Tri Pointe Homes will post 3.65 EPS for the current year.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the sale, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tri Pointe Homes

Several hedge funds and other institutional investors have recently modified their holdings of TPH. Pacer Advisors Inc. boosted its stake in Tri Pointe Homes by 63.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock valued at $138,539,000 after buying an additional 1,524,401 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Tri Pointe Homes in the 4th quarter valued at approximately $24,389,000. Norges Bank bought a new stake in shares of Tri Pointe Homes during the 4th quarter valued at approximately $22,862,000. American Century Companies Inc. increased its position in Tri Pointe Homes by 21.7% during the 3rd quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company’s stock worth $46,040,000 after purchasing an additional 300,383 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Tri Pointe Homes by 44.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 800,710 shares of the construction company’s stock worth $21,899,000 after purchasing an additional 246,648 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.