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

Tri Pointe Homes, Inc. (NYSE:TPH) has received a consensus recommendation of “Buy” from the four analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $48.00.

Several analysts have weighed in on the stock. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Oppenheimer boosted their price objective on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Wedbush restated a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Finally, Royal Bank of Canada boosted their price target on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 26th.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, CFO Glenn J. Keeler sold 24,200 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aristides Capital LLC acquired a new stake in Tri Pointe Homes in the second quarter valued at approximately $247,000. Truist Financial Corp acquired a new stake in Tri Pointe Homes in the 2nd quarter valued at $1,431,000. Quarry LP increased its holdings in Tri Pointe Homes by 123.3% in the 2nd quarter. Quarry LP now owns 2,401 shares of the construction company’s stock worth $89,000 after acquiring an additional 1,326 shares in the last quarter. Creative Planning increased its holdings in Tri Pointe Homes by 43.0% in the 2nd quarter. Creative Planning now owns 13,503 shares of the construction company’s stock worth $503,000 after acquiring an additional 4,063 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in Tri Pointe Homes by 69.9% during the second quarter. Algert Global LLC now owns 296,892 shares of the construction company’s stock valued at $11,059,000 after purchasing an additional 122,157 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $43.06 on Wednesday. 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 firm has a market cap of $4.03 billion, a PE ratio of 11.66, a P/E/G ratio of 0.73 and a beta of 1.59. Tri Pointe Homes has a 12 month low of $24.18 and a 12 month high of $47.78. The stock has a fifty day moving average price of $41.77 and a 200-day moving average price of $38.64.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.25 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 during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business posted $0.60 earnings per share. The firm’s revenue was up 38.3% compared to the same quarter last year. Equities research analysts predict that Tri Pointe Homes will post 4.68 earnings per share for the current fiscal year.

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.