Analysts Set Tri Pointe Homes Inc. (NYSE:TPH) PT at $42.50

Shares of Tri Pointe Homes Inc. (NYSE:TPH) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $42.50.

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

Insiders Place Their Bets

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the sale, the director owned 30,330 shares in the company, valued at $1,405,188.90. This trade represents a 62.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tri Pointe Homes

A number of hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System acquired a new stake in Tri Pointe Homes during the 1st quarter valued at approximately $1,752,000. Rockefeller Capital Management L.P. grew its stake in Tri Pointe Homes by 29.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,615 shares of the construction company’s stock valued at $51,000 after purchasing an additional 367 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Tri Pointe Homes during the 4th quarter valued at approximately $191,000. Vident Advisory LLC grew its stake in Tri Pointe Homes by 2.1% during the 4th quarter. Vident Advisory LLC now owns 26,010 shares of the construction company’s stock valued at $819,000 after purchasing an additional 526 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Tri Pointe Homes during the 4th quarter valued at approximately $553,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

TPH stock opened at $46.88 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.63 and a current ratio of 2.63. Tri Pointe Homes has a 1 year low of $28.72 and a 1 year high of $46.99. The firm has a market cap of $3.99 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.30. The stock has a 50-day simple moving average of $46.36 and a 200-day simple moving average of $37.66.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The business had revenue of $954.59 million during the quarter, compared to analyst estimates of $917.86 million. During the same quarter last year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was down 22.5% compared to the same quarter last year. On average, equities analysts predict that Tri Pointe Homes will post 2.64 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.