Tri Pointe Homes, Inc. (NYSE:TPH) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $45.75.

Several equities research analysts have recently issued reports on TPH shares. Wedbush reissued a "neutral" rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Evercore ISI raised shares of Tri Pointe Homes to a "strong-buy" rating in a research report on Friday, July 26th. Oppenheimer decreased their target price on shares of 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. Royal Bank of Canada decreased their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Zelman & Associates raised 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 report on Tuesday, September 17th.

Insider Activity

In other news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now owns 85,792 shares of the company's stock, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company's stock.

Institutional Trading of Tri Pointe Homes

A number of hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in shares of Tri Pointe Homes during the 3rd quarter worth about $1,090,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Tri Pointe Homes by 703.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,853 shares of the construction company's stock worth $7,198,000 after purchasing an additional 139,079 shares in the last quarter. Jennison Associates LLC raised its stake in Tri Pointe Homes by 27.1% in the 3rd quarter. Jennison Associates LLC now owns 52,197 shares of the construction company's stock worth $2,365,000 after purchasing an additional 11,131 shares in the last quarter. Natixis Advisors LLC raised its stake in Tri Pointe Homes by 33.5% in the 3rd quarter. Natixis Advisors LLC now owns 57,077 shares of the construction company's stock worth $2,586,000 after purchasing an additional 14,337 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Tri Pointe Homes by 0.3% in the 3rd quarter. Empowered Funds LLC now owns 99,346 shares of the construction company's stock worth $4,501,000 after purchasing an additional 265 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 traded up $0.48 during mid-day trading on Monday, hitting $43.15. 192,242 shares of the company traded hands, compared to its average volume of 899,248. The business has a 50-day moving average of $43.43 and a 200 day moving average of $41.30. Tri Pointe Homes has a one year low of $27.66 and a one year high of $47.78. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.69 and a beta of 1.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. As a group, equities analysts expect that Tri Pointe Homes will post 4.72 earnings per share 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.