Tri Pointe Homes, Inc. (NYSE:TPH) Receives $45.75 Average Target Price from Analysts

Shares of Tri Pointe Homes, Inc. (NYSE:TPH) have received a consensus rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.75.

A number of research firms recently issued reports on TPH. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a research note on Tuesday, September 17th. Royal Bank of Canada dropped their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer dropped their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th.

Tri Pointe Homes Trading Down 1.9 %

Tri Pointe Homes stock opened at $41.18 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a 12 month low of $30.27 and a 12 month high of $47.78. The stock’s 50 day simple moving average is $42.85 and its two-hundred day simple moving average is $41.83. The firm has a market cap of $3.85 billion, a PE ratio of 8.54, a P/E/G ratio of 0.68 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. Analysts anticipate that Tri Pointe Homes will post 4.72 earnings per share for the current year.

Insider Transactions at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares in the company, valued at $3,798,869.76. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Institutional Trading of Tri Pointe Homes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gradient Investments LLC purchased a new stake in Tri Pointe Homes in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC purchased a new stake in Tri Pointe Homes in the 3rd quarter valued at about $45,000. GAMMA Investing LLC raised its holdings in Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after buying an additional 588 shares during the period. Blue Trust Inc. raised its holdings in Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after buying an additional 427 shares during the period. Finally, CWM LLC raised its holdings in Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after buying an additional 920 shares during the period. 97.01% of the stock is currently owned by hedge funds and other 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.