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

Shares of Tri Pointe Homes, Inc. (NYSE:TPH) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat.com reports. Two 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 brokers that have updated their coverage on the stock in the last year is $45.75.

A number of analysts have recently issued reports on TPH shares. Wedbush reissued a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Zelman & Associates upgraded shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price on the stock in a research note on Tuesday, September 17th. StockNews.com lowered shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Royal Bank of Canada lowered their price target on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Oppenheimer reduced their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 25th.

Insider Activity

In related news, COO Thomas J. Mitchell sold 77,384 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the completion of the sale, the chief operating officer now directly owns 708,159 shares in the company, valued at $27,724,424.85. This represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

Hedge funds have recently modified their holdings of the company. Reston Wealth Management LLC bought a new position in shares of Tri Pointe Homes during the 3rd quarter worth approximately $45,000. Quarry LP lifted its holdings in shares of Tri Pointe Homes by 123.3% during the 2nd quarter. Quarry LP now owns 2,401 shares of the construction company’s stock valued at $89,000 after purchasing an additional 1,326 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Tri Pointe Homes by 33.5% in the 3rd quarter. Blue Trust Inc. now owns 2,368 shares of the construction company’s stock worth $107,000 after purchasing an additional 594 shares in the last quarter. GAMMA Investing LLC grew its stake in Tri Pointe Homes by 75.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock worth $121,000 after buying an additional 1,149 shares during the last quarter. Finally, CWM LLC increased its position in Tri Pointe Homes by 39.3% during the 3rd quarter. CWM LLC now owns 3,092 shares of the construction company’s stock valued at $140,000 after buying an additional 872 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Performance

Tri Pointe Homes stock opened at $35.99 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $3.37 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 0.64 and a beta of 1.64. Tri Pointe Homes has a 1-year low of $33.24 and a 1-year high of $47.78. The company’s 50-day moving average is $40.39 and its 200 day moving average is $41.72.

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

Tri Pointe Homes announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 18th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the construction company to buy up to 7.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Tri Pointe Homes Company Profile

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.