Tri Pointe Homes (NYSE:TPH) Hits New 12-Month High – Here’s Why

Tri Pointe Homes Inc. (NYSE:TPH)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $46.81 and last traded at $46.7230, with a volume of 1047 shares. The stock had previously closed at $46.70.

Analyst Ratings Changes

A number of analysts recently issued reports on TPH shares. Oppenheimer downgraded Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Citigroup began coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating on the stock. Citizens Jmp started coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective on the stock. Finally, Royal Bank Of Canada increased their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.50.

Tri Pointe Homes Stock Down 0.0%

The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average price is $42.21 and its two-hundred day moving average price is $36.19. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $972.63 million during the quarter, compared to analysts’ expectations of $917.86 million. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.Tri Pointe Homes’s quarterly revenue was down 22.5% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. Sell-side analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Steven J. Gilbert sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. This trade represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tri Pointe Homes

A number of large investors have recently added to or reduced their stakes in TPH. Lido Advisors LLC boosted its position in Tri Pointe Homes by 3.5% during the fourth quarter. Lido Advisors LLC now owns 9,751 shares of the construction company’s stock worth $326,000 after purchasing an additional 327 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Tri Pointe Homes by 45.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after purchasing an additional 345 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Tri Pointe Homes by 29.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,615 shares of the construction company’s stock valued at $51,000 after purchasing an additional 367 shares during the period. Federated Hermes Inc. lifted its stake in shares of Tri Pointe Homes by 0.6% during the 3rd quarter. Federated Hermes Inc. now owns 63,082 shares of the construction company’s stock worth $2,143,000 after buying an additional 373 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in shares of Tri Pointe Homes by 3.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 10,507 shares of the construction company’s stock worth $331,000 after buying an additional 394 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.