Tri Pointe Homes, Inc. (NYSE:TPH) Receives $44.75 Consensus PT from Analysts

Shares of Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) have been given a consensus recommendation of "Hold" by the five analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $40.60.

A number of equities research analysts have recently commented on TPH shares. Oppenheimer lowered their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday. Evercore ISI lowered their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday. Wedbush reiterated a "neutral" rating and set a $38.00 price target (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday. Royal Bank of Canada cut shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $41.00 to $37.00 in a research report on Wednesday. Finally, StockNews.com cut shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th.

Tri Pointe Homes Price Performance

Shares of TPH traded down $0.49 during trading hours on Wednesday, reaching $30.79. The company had a trading volume of 1,299,944 shares, compared to its average volume of 756,523. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $36.16 and a 200-day simple moving average of $40.56. Tri Pointe Homes has a 12-month low of $30.25 and a 12-month high of $47.78. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.67 and a beta of 1.64.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.07. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Research analysts expect that Tri Pointe Homes will post 3.58 earnings per share for the current year.

Tri Pointe Homes declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of Tri Pointe Homes stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 708,159 shares of the company's stock, valued at $27,724,424.85. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after purchasing an additional 335 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Tri Pointe Homes during the third quarter valued at $45,000. Smartleaf Asset Management LLC boosted its holdings in shares of Tri Pointe Homes by 84.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after acquiring an additional 613 shares during the period. Assetmark Inc. boosted its holdings in shares of Tri Pointe Homes by 19.6% during the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after acquiring an additional 300 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in Tri Pointe Homes by 729.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after purchasing an additional 1,831 shares during the period. 97.01% of the stock is 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.