Tri Pointe Homes, Inc. (NYSE:TPH) Receives Average Rating of “Moderate Buy” from Analysts

Tri Pointe Homes, Inc. (NYSE:TPH) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $40.60.

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday. Oppenheimer lifted their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank of Canada boosted their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wedbush reissued a “neutral” rating and issued a $35.00 price target on shares of Tri Pointe Homes in a report on Thursday.

Tri Pointe Homes Stock Up 2.9 %

TPH stock opened at $37.87 on Monday. The firm has a 50 day moving average of $35.79 and a 200 day moving average of $32.94. The stock has a market capitalization of $3.61 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.76 and a beta of 1.54. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.46. Tri Pointe Homes has a 52 week low of $24.18 and a 52 week high of $39.08.

Tri Pointe Homes (NYSE:TPH) last announced 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 9.37% and a return on equity of 11.75%. The business had revenue of $918.40 million during the quarter, compared to analysts’ expectations of $867.77 million. During the same period in the previous year, the business posted $0.73 EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts forecast that Tri Pointe Homes will post 3.65 earnings per share for the current year.

Insider Transactions at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

A number of large investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Tri Pointe Homes by 63.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock valued at $138,539,000 after purchasing an additional 1,524,401 shares during the last quarter. GW&K Investment Management LLC purchased a new position in Tri Pointe Homes in the fourth quarter valued at approximately $24,389,000. Norges Bank acquired a new stake in shares of Tri Pointe Homes in the fourth quarter valued at approximately $22,862,000. American Century Companies Inc. boosted its holdings in shares of Tri Pointe Homes by 21.7% in the third quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company’s stock valued at $46,040,000 after acquiring an additional 300,383 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Tri Pointe Homes by 44.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 800,710 shares of the construction company’s stock valued at $21,899,000 after acquiring an additional 246,648 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.