Tri Pointe Homes Inc. (NYSE:TPH) Receives Average Rating of “Hold” from Analysts

Tri Pointe Homes Inc. (NYSE:TPH) has been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $42.50.

A number of equities research analysts have commented on the company. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Citigroup assumed coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Royal Bank Of Canada raised their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Finally, Citizens Jmp assumed coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective for the company.

Tri Pointe Homes Trading Down 0.0%

Shares of TPH opened at $46.90 on Monday. The business’s 50-day moving average price is $46.58 and its 200 day moving average price is $37.90. The stock has a market capitalization of $3.99 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.37 and a beta of 1.30. Tri Pointe Homes has a 1-year low of $28.72 and a 1-year high of $46.99. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $954.59 million for 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 revenue was down 22.5% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Analysts expect that Tri Pointe Homes will post 2.64 earnings per share for the current year.

Insider Buying and Selling

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares in the company, valued at approximately $1,405,188.90. This trade represents a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Tri Pointe Homes

Institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in Tri Pointe Homes during the 4th quarter worth about $27,000. Harbor Capital Advisors Inc. boosted its position in Tri Pointe Homes by 45.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after acquiring an additional 345 shares during the period. Fulcrum Asset Management LLP acquired a new stake in shares of Tri Pointe Homes during the 3rd quarter valued at about $44,000. Farther Finance Advisors LLC grew its stake in shares of Tri Pointe Homes by 306.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after buying an additional 1,043 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after buying an additional 401 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.