Tri Pointe Homes, Inc. (NYSE:TPH) Given Consensus Recommendation of "Moderate Buy" by Analysts

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

Several brokerages recently issued reports on TPH. Oppenheimer decreased 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. Royal Bank of Canada reduced 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. StockNews.com lowered shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th.

Insider Buying and Selling

In other news, COO Thomas J. Mitchell sold 77,384 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the completion of the sale, the chief operating officer now owns 708,159 shares in the company, valued at approximately $27,724,424.85. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Tri Pointe Homes by 95.0% during the second quarter. Envestnet Asset Management Inc. now owns 123,365 shares of the construction company's stock worth $4,595,000 after purchasing an additional 60,093 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Tri Pointe Homes by 291.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,340 shares of the construction company's stock valued at $162,000 after buying an additional 3,231 shares in the last quarter. Sei Investments Co. raised its stake in Tri Pointe Homes by 8.0% during the second quarter. Sei Investments Co. now owns 154,888 shares of the construction company's stock worth $5,770,000 after acquiring an additional 11,522 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Tri Pointe Homes by 7.1% in the second quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company's stock worth $293,000 after acquiring an additional 519 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of Tri Pointe Homes in the 2nd quarter valued at $370,000. Institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock traded down $0.34 on Friday, reaching $37.33. The company's stock had a trading volume of 500,267 shares, compared to its average volume of 596,870. Tri Pointe Homes has a twelve month low of $33.24 and a twelve month high of $47.78. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 0.60 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The business's fifty day moving average price is $38.85 and its 200 day moving average price is $41.68.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. Tri Pointe Homes's revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 EPS. Equities analysts expect that Tri Pointe Homes will post 4.72 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

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.