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

Tri Pointe Homes, Inc. (NYSE:TPH) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $41.60.

A number of research analysts have recently commented on the company. Wedbush upgraded Tri Pointe Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $43.00 in a report on Monday, April 28th. Oppenheimer dropped their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Evercore ISI cut their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th.

Insider Buying and Selling at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at approximately $18,929,164.95. This trade represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by company insiders.

Institutional Trading of Tri Pointe Homes

Several institutional investors and hedge funds have recently bought and sold shares of TPH. HighTower Advisors LLC acquired a new position in Tri Pointe Homes in the fourth quarter valued at $5,553,000. Principal Financial Group Inc. increased its position in Tri Pointe Homes by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company’s stock valued at $17,626,000 after acquiring an additional 16,380 shares during the period. Wells Fargo & Company MN raised its stake in Tri Pointe Homes by 24.9% during the 4th quarter. Wells Fargo & Company MN now owns 53,413 shares of the construction company’s stock valued at $1,937,000 after acquiring an additional 10,650 shares during the last quarter. William Blair Investment Management LLC lifted its position in Tri Pointe Homes by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company’s stock worth $41,284,000 after acquiring an additional 27,691 shares during the period. Finally, GW&K Investment Management LLC lifted its position in Tri Pointe Homes by 5.3% during the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company’s stock worth $73,850,000 after acquiring an additional 102,187 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Trading Down 1.0%

Shares of NYSE:TPH opened at $31.45 on Monday. Tri Pointe Homes has a 52 week low of $27.90 and a 52 week high of $47.78. The company’s 50 day moving average is $31.03 and its two-hundred day moving average is $35.58. The company has a market cap of $2.85 billion, a PE ratio of 6.51, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.45 by $0.25. The firm had revenue of $720.79 million for the quarter, compared to analyst estimates of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. Tri Pointe Homes’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. Equities analysts predict that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

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.