Tri Pointe Homes, Inc. (NYSE:TPH) Receives Consensus Recommendation of “Hold” from Analysts

Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) has received an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $21.00.

A number of research firms have commented on TPH. Wedbush boosted their price target on shares of Tri Pointe Homes from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 22nd. StockNews.com began coverage on shares of Tri Pointe Homes in a research note on Thursday. They issued a “buy” rating for the company. Oppenheimer began coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 18th. They issued a “market perform” rating for the company. Finally, TheStreet raised shares of Tri Pointe Homes from a “c+” rating to a “b-” rating in a research note on Friday, December 9th.

Tri Pointe Homes Stock Up 0.2 %

Shares of NYSE TPH opened at $24.17 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.49. The company has a market cap of $2.46 billion, a P/E ratio of 4.34, a P/E/G ratio of 0.64 and a beta of 1.42. Tri Pointe Homes has a 52 week low of $14.59 and a 52 week high of $25.70. The business has a 50-day simple moving average of $22.43 and a two-hundred day simple moving average of $19.06.

Tri Pointe Homes (NYSE:TPH – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The construction company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.50 by $0.48. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Tri Pointe Homes had a net margin of 13.40% and a return on equity of 22.24%. Tri Pointe Homes’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.33 earnings per share. Research analysts anticipate that Tri Pointe Homes will post 2.82 earnings per share for the current fiscal year.

Insider Activity at Tri Pointe Homes

In related news, Director Constance B. Moore sold 39,589 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $23.15, for a total value of $916,485.35. Following the completion of the transaction, the director now directly owns 60,613 shares in the company, valued at approximately $1,403,190.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Tri Pointe Homes

A number of hedge funds have recently added to or reduced their stakes in TPH. Versant Capital Management Inc increased its stake in shares of Tri Pointe Homes by 951.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,819 shares of the construction company’s stock worth $27,000 after purchasing an additional 1,646 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in shares of Tri Pointe Homes by 107.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,485 shares of the construction company’s stock worth $42,000 after purchasing an additional 1,288 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Tri Pointe Homes in the 1st quarter worth $45,000. Captrust Financial Advisors increased its stake in shares of Tri Pointe Homes by 30.4% in the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock worth $46,000 after purchasing an additional 531 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Tri Pointe Homes by 500.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,209 shares of the construction company’s stock worth $48,000 after purchasing an additional 2,675 shares in the last quarter. 99.41% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Company Profile

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Tri Pointe Homes, Inc designs, constructs, and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of 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.