Tri Pointe Homes’ (TPH) Neutral Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of Tri Pointe Homes (NYSE:TPH) in a research note issued to investors on Thursday, Benzinga reports. They currently have a $35.00 price objective on the construction company’s stock.

Several other research firms also recently issued reports on TPH. Oppenheimer reaffirmed an outperform rating and set a $41.00 price objective (up previously from $36.00) on shares of Tri Pointe Homes in a report on Wednesday, February 21st. Royal Bank of Canada upgraded shares of Tri Pointe Homes from a sector perform rating to an outperform rating and set a $38.00 target price for the company in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $40.60.

Tri Pointe Homes Stock Up 2.9 %

NYSE:TPH opened at $37.88 on Thursday. The stock’s fifty day moving average price is $35.79 and its two-hundred day moving average price is $32.98. Tri Pointe Homes has a 52-week low of $24.18 and a 52-week high of $39.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.11 and a current ratio of 1.99. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 10.10, a P/E/G 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, topping the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The firm had revenue of $918.40 million for the quarter, compared to the consensus estimate of $867.77 million. During the same quarter in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, analysts anticipate that Tri Pointe Homes will post 3.65 EPS for the current year.

Insider Buying and Selling 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 shares were 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 owns 785,543 shares in the company, valued at approximately $27,666,824.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

A number of large investors have recently made changes to their positions in TPH. Ronald Blue Trust Inc. increased its position in shares of Tri Pointe Homes by 168.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,016 shares of the construction company’s stock valued at $28,000 after buying an additional 637 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Tri Pointe Homes in the 4th quarter valued at $35,000. Evermay Wealth Management LLC bought a new stake in shares of Tri Pointe Homes in the 4th quarter valued at $35,000. GAMMA Investing LLC bought a new stake in shares of Tri Pointe Homes in the 4th quarter valued at $41,000. Finally, Assetmark Inc. increased its position in shares of Tri Pointe Homes by 29,825.0% in the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after buying an additional 1,193 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.