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

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

A number of brokerages have recently weighed in on TPH. Zelman & Associates upgraded Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective on the stock in a research report on Tuesday, September 17th. Royal Bank of Canada cut their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Wedbush reissued a "neutral" rating and set a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, October 24th. Finally, Oppenheimer decreased their target price on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th.

Insider Buying and Selling at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tri Pointe Homes

Several hedge funds and other institutional investors have recently modified their holdings of TPH. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes during the second quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new position in Tri Pointe Homes during the 3rd quarter valued at $45,000. GAMMA Investing LLC raised its stake in shares of Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock valued at $57,000 after buying an additional 588 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock valued at $69,000 after buying an additional 427 shares in the last quarter. Finally, CWM LLC grew its position in Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company's stock worth $83,000 after acquiring an additional 920 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Trading Down 0.1 %

TPH traded down $0.03 during trading on Friday, hitting $41.49. The company's stock had a trading volume of 620,058 shares, compared to its average volume of 878,930. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a twelve month low of $30.27 and a twelve month high of $47.78. The stock's fifty day moving average price is $42.92 and its 200-day moving average price is $41.76. The firm has a market capitalization of $3.88 billion, a P/E ratio of 8.61, a PEG ratio of 0.71 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.11. The firm had revenue of $1.11 billion during 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%. The business's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. Analysts anticipate that Tri Pointe Homes will post 4.72 EPS for the current year.

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.