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

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $40.60.

A number of analysts have recently issued reports on the stock. Evercore ISI dropped their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Wedbush reissued a "neutral" rating and issued a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. StockNews.com lowered Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Finally, Oppenheimer reduced their price target on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th.

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Tri Pointe Homes Trading Up 1.1 %

Shares of TPH traded up $0.35 during trading hours on Friday, hitting $31.68. The stock had a trading volume of 529,584 shares, compared to its average volume of 898,236. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. Tri Pointe Homes has a 12-month low of $30.25 and a 12-month high of $47.78. The firm has a market cap of $2.91 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.67 and a beta of 1.71. The company's fifty day simple moving average is $34.49 and its 200 day simple moving average is $39.25.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.22 billion. Equities research analysts forecast that Tri Pointe Homes will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its board has authorized a stock repurchase program on Wednesday, December 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 7.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Tri Pointe Homes

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Tri Pointe Homes by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock valued at $419,666,000 after buying an additional 143,365 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Tri Pointe Homes in the fourth quarter worth $118,407,000. Geode Capital Management LLC increased its stake in Tri Pointe Homes by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock valued at $91,748,000 after buying an additional 44,160 shares during the period. GW&K Investment Management LLC increased its stake in shares of Tri Pointe Homes by 5.3% during the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after acquiring an additional 102,187 shares during the period. Finally, American Century Companies Inc. lifted its position in Tri Pointe Homes by 14.0% in the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock worth $70,579,000 after purchasing an additional 238,807 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.