Tri Pointe Homes Inc. (NYSE:TPH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Tri Pointe Homes Inc. (NYSE:TPH) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $39.40.

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Evercore ISI restated an “in-line” rating and set a $34.00 price target (down previously from $38.00) on shares of Tri Pointe Homes in a report on Tuesday, October 7th. Citizens Jmp assumed coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target for the company. Royal Bank Of Canada set a $31.00 price objective on shares of Tri Pointe Homes in a research note on Friday, January 9th. Finally, Citigroup assumed coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock.

Tri Pointe Homes Stock Performance

TPH opened at $33.61 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.89 billion, a PE ratio of 9.91, a P/E/G ratio of 1.00 and a beta of 1.39. The business has a fifty day simple moving average of $33.39 and a 200-day simple moving average of $33.36. Tri Pointe Homes has a fifty-two week low of $27.90 and a fifty-two week high of $37.51.

Institutional Investors Weigh In On Tri Pointe Homes

Several hedge funds have recently bought and sold shares of TPH. AE Wealth Management LLC increased its holdings in Tri Pointe Homes by 17.7% in the third quarter. AE Wealth Management LLC now owns 410,836 shares of the construction company’s stock worth $13,956,000 after buying an additional 61,918 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Tri Pointe Homes in the third quarter worth approximately $1,398,000. Nomura Holdings Inc. bought a new stake in Tri Pointe Homes in the second quarter worth approximately $6,063,000. Aristides Capital LLC acquired a new position in shares of Tri Pointe Homes during the 2nd quarter worth $250,000. Finally, Moran Wealth Management LLC bought a new position in shares of Tri Pointe Homes during the 2nd quarter valued at $2,143,000. 97.01% of the stock is owned by hedge funds and other 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.