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

Tri Pointe Homes, Inc. (NYSE:TPHGet Free Report) has received a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.20.

Several equities research analysts recently weighed in on TPH shares. Wedbush reaffirmed a “neutral” rating and set a $32.00 target price on shares of Tri Pointe Homes in a research note on Tuesday, February 20th. Royal Bank of Canada raised shares of Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Wednesday, March 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $41.00 target price (up from $36.00) on shares of Tri Pointe Homes in a research note on Wednesday, February 21st.

View Our Latest Analysis on TPH

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $37.93 on Thursday. The company’s 50 day simple moving average is $35.08 and its 200-day simple moving average is $31.63. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.77 and a beta of 1.53. Tri Pointe Homes has a 1 year low of $24.18 and a 1 year high of $37.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11.

Tri Pointe Homes (NYSE:TPHGet Free Report) last announced its earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.24. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $1.98 EPS. The firm’s revenue for the quarter was down 17.5% on a year-over-year basis. As a group, equities research analysts expect that Tri Pointe Homes will post 3.64 earnings per share 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 stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total value of $1,814,992.26. Following the sale, the chief operating officer now directly owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Tri Pointe Homes by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 12,230,217 shares of the construction company’s stock valued at $245,584,000 after buying an additional 329,990 shares in the last quarter. State Street Corp boosted its stake in Tri Pointe Homes by 0.4% during the 2nd quarter. State Street Corp now owns 4,796,047 shares of the construction company’s stock worth $80,909,000 after purchasing an additional 16,907 shares during the period. Pacer Advisors Inc. boosted its stake in Tri Pointe Homes by 63.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock worth $138,539,000 after purchasing an additional 1,524,401 shares during the period. Geode Capital Management LLC boosted its stake in Tri Pointe Homes by 6.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,047,722 shares of the construction company’s stock worth $67,288,000 after purchasing an additional 126,911 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Tri Pointe Homes by 1,387.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,906,274 shares of the construction company’s stock worth $48,267,000 after purchasing an additional 1,778,149 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Company Profile

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Tri Pointe Homes (NYSE:TPH)

Receive News & Ratings for Tri Pointe Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri Pointe Homes and related companies with MarketBeat.com's FREE daily email newsletter.