Tri Pointe Homes Inc. (NYSE:TPH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Tri Pointe Homes Inc. (NYSE:TPH) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $41.60.

Separately, Wedbush raised shares of Tri Pointe Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $38.00 to $43.00 in a research report on Monday, April 28th.

Tri Pointe Homes Price Performance

TPH opened at $33.00 on Friday. The company has a 50-day moving average of $31.50 and a 200-day moving average of $32.49. The company has a market capitalization of $2.99 billion, a P/E ratio of 7.33, a PEG ratio of 0.87 and a beta of 1.25. Tri Pointe Homes has a 1-year low of $27.90 and a 1-year high of $47.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.97 and a current ratio of 1.97.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.25. The company had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a net margin of 10.02% and a return on equity of 12.97%. The company’s revenue was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities analysts expect that Tri Pointe Homes will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the sale, the chief executive officer owned 627,833 shares of the company’s stock, valued at $18,929,164.95. This represents a 16.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd boosted its stake in Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company’s stock valued at $33,000 after purchasing an additional 335 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company’s stock worth $75,000 after acquiring an additional 1,831 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Tri Pointe Homes by 56.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock worth $67,000 after acquiring an additional 757 shares during the period. GAMMA Investing LLC lifted its stake in shares of Tri Pointe Homes by 19.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company’s stock worth $76,000 after acquiring an additional 389 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Tri Pointe Homes in the 4th quarter worth approximately $118,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.