Tri Pointe Homes (NYSE:TPH) Hits New 12-Month High – What’s Next?

Shares of Tri Pointe Homes Inc. (NYSE:TPH) hit a new 52-week high on Thursday . The company traded as high as $37.86 and last traded at $37.2860, with a volume of 38353 shares changing hands. The stock had previously closed at $36.91.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Citizens Jmp started coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target on the stock. Citigroup started coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada set a $31.00 price objective on Tri Pointe Homes in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.40.

Tri Pointe Homes Price Performance

The business’s 50-day moving average price is $33.58 and its 200 day moving average price is $33.46. The company has a market capitalization of $3.15 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Tri Pointe Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bradley Foster & Sargent Inc. CT lifted its stake in Tri Pointe Homes by 39.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 14,308 shares of the construction company’s stock worth $450,000 after purchasing an additional 4,066 shares during the last quarter. Pinnacle Holdings LLC boosted its stake in shares of Tri Pointe Homes by 31.4% in the 4th quarter. Pinnacle Holdings LLC now owns 2,467 shares of the construction company’s stock valued at $78,000 after purchasing an additional 590 shares in the last quarter. Nuveen LLC raised its position in Tri Pointe Homes by 5.5% in the 4th quarter. Nuveen LLC now owns 984,112 shares of the construction company’s stock worth $30,970,000 after purchasing an additional 51,345 shares during the period. Empowered Funds LLC lifted its stake in Tri Pointe Homes by 35.6% in the fourth quarter. Empowered Funds LLC now owns 56,847 shares of the construction company’s stock worth $1,789,000 after purchasing an additional 14,915 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Tri Pointe Homes by 1.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 48,370 shares of the construction company’s stock valued at $1,522,000 after buying an additional 521 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Tri Pointe Homes

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.