Tri Pointe Homes, Inc. (NYSE:TPH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Tri Pointe Homes, Inc. (NYSE:TPH) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $47.25.

TPH has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their target price on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Wedbush reiterated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price on the stock in a research report on Tuesday, September 17th. Finally, Oppenheimer increased their target price on Tri Pointe Homes from $54.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd.

Tri Pointe Homes Trading Up 2.8 %

Tri Pointe Homes stock opened at $46.68 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes has a 12 month low of $24.18 and a 12 month high of $47.78. The stock’s 50 day simple moving average is $43.63 and its two-hundred day simple moving average is $40.56. The firm has a market cap of $4.37 billion, a PE ratio of 10.61, a P/E/G ratio of 0.74 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. Analysts anticipate that Tri Pointe Homes will post 4.68 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at $6,882,825.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Institutional Trading of Tri Pointe Homes

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fidelis Capital Partners LLC acquired a new stake in shares of Tri Pointe Homes during the 1st quarter worth about $25,000. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes during the 2nd quarter worth about $30,000. GAMMA Investing LLC increased its position in shares of Tri Pointe Homes by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after purchasing an additional 588 shares during the last quarter. Blue Trust Inc. increased its position in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares during the last quarter. Finally, CWM LLC increased its position in shares of Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after purchasing an additional 920 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.