FY2024 EPS Forecast for Tri Pointe Homes Reduced by Analyst

Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) - Stock analysts at Seaport Res Ptn lowered their FY2024 earnings per share (EPS) estimates for Tri Pointe Homes in a research note issued to investors on Sunday, November 3rd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings per share of $4.69 for the year, down from their previous estimate of $4.75. The consensus estimate for Tri Pointe Homes' current full-year earnings is $4.74 per share. Seaport Res Ptn also issued estimates for Tri Pointe Homes' Q4 2024 earnings at $1.23 EPS and FY2025 earnings at $4.42 EPS.

TPH has been the topic of a number of other reports. Zelman & Associates upgraded shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective on the stock in a report on Tuesday, September 17th. Royal Bank of Canada decreased their price target on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Oppenheimer lowered their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Wedbush reissued a "neutral" rating and set a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Finally, Evercore ISI raised Tri Pointe Homes to a "strong-buy" rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.75.

Tri Pointe Homes Stock Up 2.2 %

Tri Pointe Homes stock traded up $0.90 during trading on Tuesday, reaching $41.80. The stock had a trading volume of 595,312 shares, compared to its average volume of 903,060. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a 52-week low of $27.50 and a 52-week high of $47.78. The stock has a market cap of $3.91 billion, a PE ratio of 8.49, a P/E/G ratio of 0.66 and a beta of 1.60. The business has a 50 day moving average price of $43.61 and a 200 day moving average price of $41.12.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company earned $0.76 EPS. Tri Pointe Homes's revenue for the quarter was up 34.9% compared to the same quarter last year.

Institutional Investors Weigh In On Tri Pointe Homes

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP grew its position in shares of Tri Pointe Homes by 3.3% in the third quarter. Aigen Investment Management LP now owns 26,126 shares of the construction company's stock valued at $1,184,000 after purchasing an additional 828 shares during the last quarter. GSA Capital Partners LLP increased its stake in Tri Pointe Homes by 4.4% during the third quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company's stock worth $280,000 after acquiring an additional 258 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Tri Pointe Homes in the 3rd quarter worth about $358,000. Los Angeles Capital Management LLC lifted its stake in shares of Tri Pointe Homes by 132.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 58,779 shares of the construction company's stock valued at $2,663,000 after purchasing an additional 33,528 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Tri Pointe Homes by 30.0% during the 3rd quarter. Atria Investments Inc now owns 15,839 shares of the construction company's stock worth $718,000 after purchasing an additional 3,653 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the sale, the general counsel now owns 85,792 shares of the company's stock, valued at approximately $3,798,869.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.50% of the company's stock.

Tri Pointe Homes Company Profile

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.