Research Analysts’ Weekly Ratings Updates for Tri Pointe Homes (TPH)

Several analysts have recently updated their ratings and price targets for Tri Pointe Homes (NYSE: TPH):

• 7/26/2024 – Tri Pointe Homes was upgraded by analysts at Evercore ISI to a “strong-buy” rating.
• 7/26/2024 – Tri Pointe Homes had its price target raised by analysts at Oppenheimer Holdings Inc. from $46.00 to $54.00. They now have an “outperform” rating on the stock.
• 7/26/2024 – Tri Pointe Homes had its price target raised by analysts at Royal Bank of Canada from $42.00 to $48.00. They now have an “outperform” rating on the stock.
• 7/25/2024 – Tri Pointe Homes had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $42.00 price target on the stock.

Tri Pointe Homes Trading Down 2.7 %

Shares of TPH stock traded down $1.20 on Friday, hitting $43.15. The stock had a trading volume of 60,177 shares, compared to its average volume of 959,550. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $39.68 and a two-hundred day moving average price of $37.41. Tri Pointe Homes, Inc. has a twelve month low of $24.18 and a twelve month high of $47.78. The firm has a market cap of $4.04 billion, a P/E ratio of 11.51, a PEG ratio of 0.75 and a beta of 1.58.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 38.3% compared to the same quarter last year. As a group, analysts forecast that Tri Pointe Homes, Inc. will post 4.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CFO Glenn J. Keeler sold 24,200 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at approximately $6,882,825.28. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 56,567 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the completion of the sale, the chief executive officer now directly owns 677,816 shares of the company’s stock, valued at $26,963,520.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction on Monday, July 29th. The stock was sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the transaction, the chief financial officer now owns 149,108 shares in the company, valued at approximately $6,882,825.28. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in Tri Pointe Homes in the first quarter valued at about $25,000. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes in the second quarter valued at about $30,000. Daiwa Securities Group Inc. acquired a new position in shares of Tri Pointe Homes during the 4th quarter worth about $35,000. Evermay Wealth Management LLC purchased a new position in Tri Pointe Homes in the 4th quarter valued at about $35,000. Finally, GAMMA Investing LLC acquired a new stake in Tri Pointe Homes in the 4th quarter worth about $41,000. 97.01% of the stock is currently owned by institutional investors.

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.