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

Shares of Tri Pointe Homes Inc. (NYSE:TPH) have been given an average rating of “Hold” by the eight research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $42.50.

Several equities analysts have recently issued reports on TPH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Oppenheimer cut Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Citizens Jmp assumed 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 for the company. 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. Finally, Citigroup initiated coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock.

Insiders Place Their Bets

In other news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the sale, the director owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Tri Pointe Homes

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Tri Pointe Homes by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,104,429 shares of the construction company’s stock worth $192,108,000 after acquiring an additional 24,511 shares during the last quarter. State Street Corp increased its stake in Tri Pointe Homes by 1.0% in the second quarter. State Street Corp now owns 4,556,255 shares of the construction company’s stock valued at $145,572,000 after acquiring an additional 44,574 shares during the last quarter. American Century Companies Inc. increased its stake in Tri Pointe Homes by 10.1% in the third quarter. American Century Companies Inc. now owns 2,755,767 shares of the construction company’s stock valued at $93,613,000 after acquiring an additional 252,949 shares during the last quarter. Boston Partners raised its position in Tri Pointe Homes by 9.2% during the fourth 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 in the last quarter. Finally, Bank of America Corp DE raised its position in Tri Pointe Homes by 34.1% during the third quarter. Bank of America Corp DE now owns 1,099,955 shares of the construction company’s stock valued at $37,365,000 after purchasing an additional 279,979 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Price Performance

Shares of TPH opened at $46.73 on Thursday. The firm has a market cap of $3.98 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.39 and a beta of 1.34. Tri Pointe Homes has a 52-week low of $27.90 and a 52-week high of $46.76. The business’s 50 day moving average price is $41.52 and its two-hundred day moving average price is $35.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.63 and a current ratio of 2.63.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The firm had revenue of $972.63 million during the quarter, compared to the consensus estimate of $917.86 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue was down 22.5% compared to the same quarter last year. On average, equities analysts anticipate that Tri Pointe Homes will post 3.58 EPS for the current year.

About Tri Pointe Homes

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.