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

Tri Pointe Homes Inc. (NYSE:TPH) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month 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 increased their target price for the company from $38.00 to $43.00 in a report on Monday, April 28th.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction on Monday, April 28th. The shares were sold at an average price of $30.15, for a total value of $3,626,653.05. Following the transaction, the chief executive officer owned 627,833 shares in the company, valued at $18,929,164.95. This trade represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tri Pointe Homes

Hedge funds and other institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC purchased a new stake in Tri Pointe Homes during the 4th quarter worth $643,000. Cibc World Markets Corp purchased a new stake in Tri Pointe Homes during the 4th quarter worth $313,000. Boston Partners purchased a new stake in Tri Pointe Homes during the 4th quarter worth $8,888,000. Xponance Inc. increased its stake in Tri Pointe Homes by 11.7% during the 4th quarter. Xponance Inc. now owns 6,759 shares of the construction company’s stock worth $245,000 after buying an additional 708 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Tri Pointe Homes by 9.2% during the 4th quarter. Teacher Retirement System of Texas now owns 138,203 shares of the construction company’s stock worth $5,011,000 after buying an additional 11,587 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $33.00 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a 52-week low of $27.90 and a 52-week high of $47.78. The business’s 50-day moving average price is $31.50 and its 200 day moving average price is $32.49. The firm has a market cap of $2.99 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.87 and a beta of 1.25.

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

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.