Tri Pointe Homes Inc. (NYSE:TPH) Receives $39.25 Consensus Price Target from Brokerages

Tri Pointe Homes Inc. (NYSE:TPH) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $39.25.

A number of research firms have recently issued reports on TPH. Evercore ISI reiterated an “in-line” rating and issued a $34.00 price objective (down from $38.00) on shares of Tri Pointe Homes in a report on Tuesday, October 7th. Wall Street Zen upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Thursday, October 30th.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $31.94 on Tuesday. The company’s fifty day moving average price is $32.55 and its 200-day moving average price is $33.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.84 and a beta of 1.33. Tri Pointe Homes has a one year low of $27.90 and a one year high of $38.96.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.20. The company had revenue of $836.87 million during the quarter, compared to analyst estimates of $782.22 million. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The firm’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. On average, equities research analysts anticipate that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tri Pointe Homes

A number of large investors have recently added to or reduced their stakes in TPH. Harbor Capital Advisors Inc. boosted its position in Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after buying an additional 345 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Tri Pointe Homes in the third quarter worth about $44,000. Farther Finance Advisors LLC lifted its stake in shares of Tri Pointe Homes by 306.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,043 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after acquiring an additional 401 shares during the period. Finally, Pinnacle Holdings LLC purchased a new stake in Tri Pointe Homes during the 3rd quarter valued at about $64,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Tri Pointe Homes

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.