Tri Pointe Homes (NYSE:TPH) Posts Earnings Results, Beats Estimates By $0.20 EPS

Tri Pointe Homes (NYSE:TPH – Get Rating) issued its quarterly earnings results on Thursday. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.20, MarketWatch Earnings reports. Tri Pointe Homes had a net margin of 11.80% and a return on equity of 20.14%. The company had revenue of $725.30 million during the quarter, compared to analyst estimates of $667.41 million. During the same quarter last year, the business posted $0.59 EPS. Tri Pointe Homes’s quarterly revenue was up 1.2% compared to the same quarter last year.

NYSE TPH traded down $0.47 on Friday, hitting $19.96. The company had a trading volume of 5,924 shares, compared to its average volume of 1,363,652. Tri Pointe Homes has a 12-month low of $18.50 and a 12-month high of $28.28. The company has a market capitalization of $2.15 billion, a PE ratio of 5.00 and a beta of 1.51. The company’s fifty day moving average price is $21.35 and its 200-day moving average price is $23.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.45.

A number of hedge funds and other institutional investors have recently bought and sold shares of TPH. Parametric Portfolio Associates LLC lifted its position in shares of Tri Pointe Homes by 5.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 344,630 shares of the construction company’s stock worth $9,612,000 after purchasing an additional 17,470 shares in the last quarter. Barclays PLC lifted its holdings in shares of Tri Pointe Homes by 23.3% during the fourth quarter. Barclays PLC now owns 337,588 shares of the construction company’s stock worth $9,414,000 after purchasing an additional 63,809 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Tri Pointe Homes by 20.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 276,730 shares of the construction company’s stock worth $7,718,000 after purchasing an additional 47,793 shares during the period. Deutsche Bank AG lifted its holdings in Tri Pointe Homes by 48.2% in the fourth quarter. Deutsche Bank AG now owns 179,649 shares of the construction company’s stock valued at $5,010,000 after acquiring an additional 58,393 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Tri Pointe Homes in the fourth quarter valued at $4,802,000. 97.92% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on TPH shares. B. Riley reduced their price target on shares of Tri Pointe Homes from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, April 6th. StockNews.com cut shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Zacks Investment Research cut shares of Tri Pointe Homes from a “buy” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.00.

Tri Pointe Homes Company Profile (Get Rating)

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 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, Virginia, and the District of Columbia.

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