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

Shares of Tri Pointe Homes, Inc. (NYSE:TPH) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $38.20.

Several equities analysts recently weighed in on TPH shares. Royal Bank of Canada raised shares of Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Wednesday, March 13th. Oppenheimer reissued an “outperform” rating and issued a $41.00 target price (up from $36.00) on shares of Tri Pointe Homes in a research note on Wednesday, February 21st. Finally, Wedbush reissued a “neutral” rating and issued a $32.00 target price on shares of Tri Pointe Homes in a research note on Tuesday, February 20th.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the sale, the chief operating officer now owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Tri Pointe Homes

Several hedge funds have recently added to or reduced their stakes in TPH. Ronald Blue Trust Inc. lifted its holdings in Tri Pointe Homes by 168.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,016 shares of the construction company’s stock valued at $28,000 after purchasing an additional 637 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Tri Pointe Homes during the fourth quarter worth $35,000. Evermay Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes during the fourth quarter worth $35,000. GAMMA Investing LLC acquired a new stake in shares of Tri Pointe Homes during the fourth quarter worth $41,000. Finally, Assetmark Inc. lifted its holdings in shares of Tri Pointe Homes by 29,825.0% during the fourth quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock worth $42,000 after buying an additional 1,193 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of TPH opened at $34.93 on Monday. The stock has a market capitalization of $3.33 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.74 and a beta of 1.54. Tri Pointe Homes has a twelve month low of $24.18 and a twelve month high of $39.08. The company has a 50 day moving average of $35.66 and a 200-day moving average of $32.67. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.46.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.24. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.98 EPS. The business’s quarterly revenue was down 17.5% on a year-over-year basis. As a group, equities research analysts forecast that Tri Pointe Homes will post 3.65 EPS for the current fiscal year.

About Tri Pointe Homes

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.