Tri Pointe Homes (NYSE:TPH) Hits New 1-Year High – What’s Next?

Tri Pointe Homes Inc. (NYSE:TPH) shares hit a new 52-week high during trading on Friday . The stock traded as high as $46.91 and last traded at $46.8850, with a volume of 782972 shares traded. The stock had previously closed at $46.76.

Wall Street Analysts Forecast Growth

TPH has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Citizens Jmp initiated coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective for the company. Citigroup initiated coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Finally, Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Tri Pointe Homes has an average rating of “Hold” and an average target price of $42.50.

Tri Pointe Homes Stock Performance

The company has a 50-day moving average price of $45.72 and a two-hundred day moving average price of $37.40. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.99 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The firm had revenue of $954.59 million during the quarter, compared to analyst estimates of $917.86 million. During the same period last year, the company posted $1.37 EPS. The business’s quarterly revenue was down 22.5% on a year-over-year basis. On average, equities analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by insiders.

Institutional Trading of Tri Pointe Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Tri Pointe Homes in the 4th quarter valued at about $27,000. Harbor Capital Advisors Inc. increased its position in Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after buying an additional 345 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in Tri Pointe Homes in the 3rd quarter valued at about $44,000. Farther Finance Advisors LLC increased its position in Tri Pointe Homes by 306.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after buying an additional 1,043 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after buying an additional 401 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

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.