Tri Pointe Homes (NYSE:TPH) Upgraded to “Buy” at StockNews.com

Tri Pointe Homes (NYSE:TPH) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other analysts have also issued reports about the stock. Royal Bank of Canada lifted their target price on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday. Wedbush reiterated a “neutral” rating and set a $35.00 target price on shares of Tri Pointe Homes in a research report on Thursday. Finally, Oppenheimer lifted their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $37.88 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 2.11. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.77 and a beta of 1.54. The company’s fifty day moving average is $35.79 and its two-hundred day moving average is $32.98. Tri Pointe Homes has a 52-week low of $24.18 and a 52-week high of $39.08.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results 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. The company had revenue of $918.40 million for the quarter, compared to analyst estimates of $867.77 million. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. Equities research analysts forecast 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 business’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Tri Pointe Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co boosted its position in Tri Pointe Homes by 2.7% in the fourth quarter. Diversified Trust Co now owns 12,506 shares of the construction company’s stock valued at $443,000 after buying an additional 330 shares in the last quarter. Oliver Luxxe Assets LLC boosted its position in Tri Pointe Homes by 1.2% in the first quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock valued at $1,137,000 after buying an additional 354 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Tri Pointe Homes by 21.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,748 shares of the construction company’s stock valued at $97,000 after buying an additional 487 shares in the last quarter. Cavalier Investments LLC raised its stake in shares of Tri Pointe Homes by 3.8% in the third quarter. Cavalier Investments LLC now owns 17,120 shares of the construction company’s stock worth $468,000 after acquiring an additional 629 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Tri Pointe Homes by 105.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock worth $48,000 after acquiring an additional 700 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Tri Pointe Homes

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.