Tri Pointe Homes (NYSE:TPH) Receives Neutral Rating from Wedbush

Tri Pointe Homes (NYSE:TPH - Get Free Report)'s stock had its "neutral" rating reissued by Wedbush in a report issued on Tuesday,RTT News reports. They presently have a $38.00 price target on the construction company's stock, down from their prior price target of $44.00. Wedbush's price target would suggest a potential upside of 23.44% from the company's current price. Wedbush also issued estimates for Tri Pointe Homes' Q1 2025 earnings at $0.48 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $1.10 EPS, FY2025 earnings at $2.99 EPS, Q1 2026 earnings at $0.39 EPS, Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.91 EPS, Q4 2026 earnings at $1.35 EPS and FY2026 earnings at $3.16 EPS.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Royal Bank of Canada decreased their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer decreased their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Tri Pointe Homes has a consensus rating of "Hold" and an average target price of $40.60.

Tri Pointe Homes Price Performance

Shares of TPH traded down $0.49 during trading hours on Tuesday, reaching $30.79. 1,299,944 shares of the company traded hands, compared to its average volume of 756,523. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.88 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Tri Pointe Homes has a fifty-two week low of $30.25 and a fifty-two week high of $47.78. The stock has a fifty day simple moving average of $36.16 and a 200 day simple moving average of $40.56.

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

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

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of the company's stock in a transaction dated Monday, December 16th. The stock was 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 directly owns 708,159 shares in the company, valued at $27,724,424.85. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tri Pointe Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPH. Mackenzie Financial Corp lifted its position in Tri Pointe Homes by 129.1% during the fourth quarter. Mackenzie Financial Corp now owns 51,968 shares of the construction company's stock valued at $1,884,000 after buying an additional 29,281 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Tri Pointe Homes during the fourth quarter valued at approximately $1,642,000. PharVision Advisers LLC acquired a new position in Tri Pointe Homes during the fourth quarter valued at approximately $242,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Tri Pointe Homes by 20.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,527 shares of the construction company's stock valued at $10,317,000 after buying an additional 48,857 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in Tri Pointe Homes by 44.9% in the 4th quarter. Voloridge Investment Management LLC now owns 495,976 shares of the construction company's stock valued at $17,984,000 after purchasing an additional 153,758 shares in the last quarter. 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.