Tri Pointe Homes Inc. (NYSE:TPH) Receives $42.50 Average PT from Analysts

Tri Pointe Homes Inc. (NYSE:TPH) has received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.50.

TPH has been the subject of several recent analyst reports. Citizens Jmp initiated coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 target price for the company. Royal Bank Of Canada boosted 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. Citigroup initiated coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Finally, Oppenheimer downgraded shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $46.39 on Friday. The company has a fifty day moving average price of $37.11 and a 200-day moving average price of $34.71. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.38 and a beta of 1.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63. Tri Pointe Homes has a 1 year low of $27.90 and a 1 year high of $46.62.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. The business had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The firm’s revenue for the quarter was down 22.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 earnings per share. As a group, equities research analysts predict that Tri Pointe Homes will post 3.58 EPS 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 shares were 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 owned 30,330 shares in the company, valued at $1,405,188.90. This trade represents a 62.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tri Pointe Homes

Institutional investors and hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Tri Pointe Homes in the fourth quarter worth $27,000. Harbor Capital Advisors Inc. grew its stake in shares of 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 purchased a new stake in Tri Pointe Homes in the 3rd quarter worth about $44,000. Farther Finance Advisors LLC raised its stake in 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 acquiring an additional 1,043 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 33.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

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.