Tri Pointe Homes Inc. (NYSE:TPH) Receives $42.50 Consensus Target Price from Analysts

Tri Pointe Homes Inc. (NYSE:TPH) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $42.50.

Several research analysts have issued reports on TPH shares. Citigroup initiated coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Oppenheimer lowered shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Royal Bank Of Canada lifted their price target on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, Citizens Jmp began coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target on the stock.

Insider Activity

In other news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the transaction, the director owned 30,330 shares in the company, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Tri Pointe Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC lifted its position in shares of Tri Pointe Homes by 17.7% during the third quarter. AE Wealth Management LLC now owns 410,836 shares of the construction company’s stock worth $13,956,000 after purchasing an additional 61,918 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Tri Pointe Homes in the third quarter valued at approximately $1,398,000. Nomura Holdings Inc. acquired a new stake in shares of Tri Pointe Homes in the second quarter valued at approximately $6,063,000. HighTower Advisors LLC raised its position in Tri Pointe Homes by 11.4% in the 3rd quarter. HighTower Advisors LLC now owns 234,103 shares of the construction company’s stock worth $7,952,000 after purchasing an additional 23,999 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Tri Pointe Homes by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 2,755,767 shares of the construction company’s stock worth $93,613,000 after purchasing an additional 252,949 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Up 0.0%

TPH stock opened at $46.37 on Friday. Tri Pointe Homes has a 1-year low of $27.90 and a 1-year high of $46.62. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $37.97 and its 200-day moving average is $34.95. The firm has a market cap of $3.95 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.38 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The business had revenue of $972.63 million during the quarter, compared to the consensus estimate of $917.86 million. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.Tri Pointe Homes’s revenue was down 22.5% on a year-over-year basis. During the same quarter last year, the company earned $1.37 EPS. Equities analysts anticipate that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

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.