Oppenheimer Boosts Tri Pointe Homes (NYSE:TPH) Price Target to $46.00

Tri Pointe Homes (NYSE:TPH) had its price objective upped by Oppenheimer from $41.00 to $46.00 in a research report released on Friday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the construction company’s stock.

Other research analysts also recently issued research reports about the stock. Wedbush reiterated a neutral rating and issued a $35.00 price target on shares of Tri Pointe Homes in a research note on Thursday. Royal Bank of Canada lifted their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an outperform rating in a research note on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $40.60.

Tri Pointe Homes Trading Up 2.9 %

NYSE TPH opened at $37.87 on Friday. The firm has a 50 day simple moving average of $35.79 and a 200-day simple moving average of $32.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.11 and a current ratio of 1.99. Tri Pointe Homes has a one year low of $24.18 and a one year high of $39.08. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.77 and a beta of 1.54.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The business had revenue of $918.40 million during the quarter, compared to analyst estimates of $867.77 million. During the same quarter last year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that Tri Pointe Homes will post 3.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the sale, the chief operating officer now owns 785,543 shares of the company’s stock, valued at $27,666,824.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Tri Pointe Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. acquired a new stake in Tri Pointe Homes during the fourth quarter worth approximately $35,000. Evermay Wealth Management LLC acquired a new stake in Tri Pointe Homes during the fourth quarter worth approximately $35,000. GAMMA Investing LLC acquired a new position in shares of Tri Pointe Homes in the 4th quarter valued at $41,000. Assetmark Inc. increased its holdings in shares of Tri Pointe Homes by 29,825.0% in the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after acquiring an additional 1,193 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Tri Pointe Homes by 105.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock valued at $48,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.