Tri Pointe Homes Inc. (NYSE:TPH) Receives $39.40 Average Price Target from Brokerages

Tri Pointe Homes Inc. (NYSE:TPH) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.40.

TPH has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Citizens Jmp started coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target for the company. Royal Bank Of Canada set a $31.00 price objective on shares of Tri Pointe Homes in a research report on Friday, January 9th. Finally, Citigroup started coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating on the stock.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $35.46 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The business’s fifty day moving average price is $33.46 and its two-hundred day moving average price is $33.38. The stock has a market cap of $3.05 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. Tri Pointe Homes has a one year low of $27.90 and a one year high of $37.51.

Institutional Investors Weigh In On Tri Pointe Homes

A number of institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in Tri Pointe Homes by 45.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after acquiring an additional 345 shares during the period. Federated Hermes Inc. increased its stake in shares of Tri Pointe Homes by 0.6% in the 3rd quarter. Federated Hermes Inc. now owns 63,082 shares of the construction company’s stock worth $2,143,000 after purchasing an additional 373 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after purchasing an additional 401 shares in the last quarter. GAMMA Investing LLC raised its holdings in Tri Pointe Homes by 13.3% in the 4th quarter. GAMMA Investing LLC now owns 3,476 shares of the construction company’s stock worth $109,000 after purchasing an additional 409 shares during the period. Finally, Amundi lifted its position in Tri Pointe Homes by 2.8% during the third quarter. Amundi now owns 15,548 shares of the construction company’s stock valued at $527,000 after purchasing an additional 419 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.