Tri Pointe Homes, Inc. (NYSE:TPH) Receives $45.75 Average Price Target from Analysts

Shares of Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) have received an average recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $45.75.

Several equities research analysts recently commented on TPH shares. Royal Bank of Canada cut their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Zelman & Associates upgraded shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price target for the company in a research report on Tuesday, September 17th. StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Oppenheimer reduced their target price on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, October 24th.

Insider Transactions at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 77,384 shares of Tri Pointe Homes stock in a transaction on Monday, December 16th. The stock was sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the transaction, the chief operating officer now owns 708,159 shares in the company, valued at $27,724,424.85. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Tri Pointe Homes

A number of hedge funds have recently modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in shares of Tri Pointe Homes in the 3rd quarter valued at approximately $45,000. Quarry LP lifted its holdings in Tri Pointe Homes by 123.3% in the second quarter. Quarry LP now owns 2,401 shares of the construction company's stock valued at $89,000 after acquiring an additional 1,326 shares during the last quarter. Blue Trust Inc. grew its position in Tri Pointe Homes by 33.5% in the third quarter. Blue Trust Inc. now owns 2,368 shares of the construction company's stock worth $107,000 after acquiring an additional 594 shares during the period. GAMMA Investing LLC increased its stake in Tri Pointe Homes by 75.6% during the third quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company's stock worth $121,000 after acquiring an additional 1,149 shares during the last quarter. Finally, CWM LLC raised its position in Tri Pointe Homes by 39.3% in the third quarter. CWM LLC now owns 3,092 shares of the construction company's stock valued at $140,000 after purchasing an additional 872 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock traded down $0.02 during trading hours on Tuesday, reaching $36.26. The stock had a trading volume of 724,445 shares, compared to its average volume of 894,196. Tri Pointe Homes has a twelve month low of $33.24 and a twelve month high of $47.78. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3.39 billion, a PE ratio of 7.52, a PEG ratio of 0.64 and a beta of 1.60. The stock's 50 day moving average is $40.70 and its 200 day moving average is $41.82.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. 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 return on equity of 14.83% and a net margin of 10.41%. Tri Pointe Homes's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. Equities analysts expect that Tri Pointe Homes will post 4.72 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has authorized a share buyback program on Wednesday, December 18th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.