Tri Pointe Homes Inc. (NYSE:TPH) Given Average Recommendation of “Hold” by Brokerages

Shares of Tri Pointe Homes Inc. (NYSE:TPH) have been given an average rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $42.50.

TPH has been the subject of several research analyst reports. Royal Bank Of Canada raised their target price on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Oppenheimer downgraded shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Citigroup began coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Finally, Citizens Jmp started coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective on the stock.

Insider Buying and Selling

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the transaction, the director owned 30,330 shares in the company, valued at $1,405,188.90. This trade represents a 62.24% decrease in their ownership of the stock. 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.

Institutional Trading of Tri Pointe Homes

Several institutional investors and hedge funds have recently made changes to their positions in TPH. Dimensional Fund Advisors LP increased its stake in Tri Pointe Homes by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,104,429 shares of the construction company’s stock valued at $192,108,000 after acquiring an additional 24,511 shares during the last quarter. State Street Corp boosted its holdings in shares of Tri Pointe Homes by 1.0% in the 2nd quarter. State Street Corp now owns 4,556,255 shares of the construction company’s stock worth $145,572,000 after purchasing an additional 44,574 shares in the last quarter. American Century Companies Inc. increased its position in shares of Tri Pointe Homes by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 2,755,767 shares of the construction company’s stock valued at $93,613,000 after purchasing an additional 252,949 shares during the last quarter. Boston Partners increased its position in shares of Tri Pointe Homes by 9.2% during the 4th quarter. Boston Partners now owns 1,170,244 shares of the construction company’s stock valued at $36,835,000 after purchasing an additional 98,261 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Tri Pointe Homes by 34.1% in the 3rd quarter. Bank of America Corp DE now owns 1,099,955 shares of the construction company’s stock worth $37,365,000 after buying an additional 279,979 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $46.31 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.01. The firm has a 50-day moving average of $36.53 and a 200-day moving average of $34.56. Tri Pointe Homes has a one year low of $27.90 and a one year high of $46.62. The company has a market cap of $3.98 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.38 and a beta of 1.39.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $972.63 million during the quarter, compared to analyst estimates of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The company’s revenue for the quarter was down 22.5% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Equities research analysts forecast that Tri Pointe Homes will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.