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

Tri Pointe Homes, Inc. (NYSE:TPH) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.60.

A number of research firms recently issued reports on TPH. Wedbush reaffirmed a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Oppenheimer lowered their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Evercore ISI cut their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, Seaport Res Ptn raised Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

Tri Pointe Homes Trading Up 4.4 %

Shares of NYSE:TPH opened at $30.25 on Thursday. The company has a 50 day moving average of $32.52 and a 200-day moving average of $37.77. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.77 billion, a P/E ratio of 6.26, a P/E/G ratio of 0.67 and a beta of 1.44. Tri Pointe Homes has a twelve month low of $27.90 and a twelve month high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. As a group, analysts anticipate that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has approved a share repurchase program on Wednesday, December 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Tri Pointe Homes

Several large investors have recently added to or reduced their stakes in the company. O Keefe Stevens Advisory Inc. grew its holdings in shares of Tri Pointe Homes by 3.9% during the first quarter. O Keefe Stevens Advisory Inc. now owns 248,584 shares of the construction company’s stock valued at $7,935,000 after buying an additional 9,398 shares in the last quarter. GAMMA Investing LLC boosted its position in Tri Pointe Homes by 3,491.2% during the 1st quarter. GAMMA Investing LLC now owns 63,457 shares of the construction company’s stock worth $1,988,000 after acquiring an additional 61,690 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Tri Pointe Homes during the 4th quarter valued at about $6,380,000. Mackenzie Financial Corp increased its holdings in shares of Tri Pointe Homes by 129.1% in the 4th quarter. Mackenzie Financial Corp now owns 51,968 shares of the construction company’s stock valued at $1,884,000 after purchasing an additional 29,281 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Tri Pointe Homes in the fourth quarter worth approximately $1,642,000. 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.