Tri Pointe Homes (NYSE:TPH) PT Lowered to $45.00

Tri Pointe Homes (NYSE:TPH - Free Report) had its price objective cut by Royal Bank of Canada from $48.00 to $45.00 in a report published on Friday morning, Benzinga reports. They currently have an outperform rating on the construction company's stock.

Several other analysts also recently commented on TPH. Oppenheimer dropped their price objective on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday. Evercore ISI raised shares of Tri Pointe Homes to a "strong-buy" rating in a report on Friday, July 26th. Zelman & Associates upgraded shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price for the company in a research note on Tuesday, September 17th. Finally, Wedbush reiterated a "neutral" rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.75.

Tri Pointe Homes Stock Down 1.1 %

Shares of Tri Pointe Homes stock traded down $0.45 on Friday, reaching $40.28. The stock had a trading volume of 1,078,931 shares, compared to its average volume of 904,663. The stock has a market capitalization of $3.77 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.70 and a beta of 1.59. Tri Pointe Homes has a 1 year low of $24.18 and a 1 year high of $47.78. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $43.98 and a 200 day moving average price of $40.83.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. Tri Pointe Homes's revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, equities research analysts forecast that Tri Pointe Homes will post 4.68 EPS for the current year.

Insiders Place Their Bets

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the completion of the transaction, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Glenn J. Keeler sold 24,200 shares of the company's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the completion of the sale, the chief financial officer now owns 149,108 shares of the company's stock, valued at $6,882,825.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel David Ch Lee sold 5,000 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares of the company's stock, valued at $3,798,869.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tri Pointe Homes

A number of hedge funds have recently modified their holdings of the company. Burr Financial Services LLC grew its holdings in shares of Tri Pointe Homes by 73.9% in the third quarter. Burr Financial Services LLC now owns 20,170 shares of the construction company's stock valued at $914,000 after purchasing an additional 8,570 shares during the period. First Trust Direct Indexing L.P. grew its holdings in shares of Tri Pointe Homes by 9.4% in the third quarter. First Trust Direct Indexing L.P. now owns 6,266 shares of the construction company's stock valued at $284,000 after purchasing an additional 541 shares during the period. Cavalier Investments LLC grew its holdings in shares of Tri Pointe Homes by 6.5% in the third quarter. Cavalier Investments LLC now owns 20,344 shares of the construction company's stock valued at $922,000 after purchasing an additional 1,242 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Tri Pointe Homes during the third quarter worth about $226,000. Finally, Highland Capital Management LLC purchased a new position in Tri Pointe Homes during the third quarter worth about $248,000. Hedge funds and other institutional investors own 97.01% 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.