Tri Pointe Homes (NYSE:TPH) Upgraded at Wedbush

Tri Pointe Homes (NYSE:TPH) was upgraded by stock analysts at Wedbush from a “neutral” rating to an “outperform” rating in a report issued on Monday,Briefing.com Automated Import reports. The brokerage currently has a $43.00 price objective on the construction company’s stock. Wedbush’s target price would indicate a potential upside of 41.77% from the stock’s current price.

A number of other research firms have also commented on TPH. Royal Bank of Canada lowered shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Oppenheimer decreased their price target on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Evercore ISI cut their target price on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

Tri Pointe Homes Stock Down 1.7 %

Tri Pointe Homes stock opened at $30.33 on Monday. Tri Pointe Homes has a twelve month low of $27.90 and a twelve month high of $47.78. The stock has a market cap of $2.78 billion, a P/E ratio of 6.28, a P/E/G ratio of 0.67 and a beta of 1.44. The company’s 50-day moving average price is $31.11 and its two-hundred day moving average price is $36.51. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.25. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The business had revenue of $720.79 million during the quarter, compared to analysts’ expectations of $713.65 million. As a group, analysts expect that Tri Pointe Homes will post 3.58 EPS for the current year.

Hedge Funds Weigh In On Tri Pointe Homes

A number of hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new position in shares of Tri Pointe Homes in the 4th quarter worth about $5,553,000. Principal Financial Group Inc. increased its holdings in Tri Pointe Homes by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company’s stock worth $17,626,000 after purchasing an additional 16,380 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Tri Pointe Homes by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company’s stock valued at $41,284,000 after buying an additional 27,691 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of Tri Pointe Homes by 5.3% during the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company’s stock worth $73,850,000 after buying an additional 102,187 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Tri Pointe Homes during the 4th quarter worth approximately $13,342,000. 97.01% of the stock is currently owned by institutional investors.

About Tri Pointe Homes

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.