Tri Pointe Homes, Inc. (NYSE:TPH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Tri Pointe Homes, Inc. (NYSE:TPH) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $40.60.

TPH has been the subject of a number of research analyst reports. Wedbush reissued a “neutral” rating and issued a $35.00 target price on shares of Tri Pointe Homes in a research note on Thursday. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday. Oppenheimer upped their price objective on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank of Canada upped their price objective on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday.

Insider Buying and Selling at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the sale, the chief operating officer now owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TPH. Ronald Blue Trust Inc. raised its position in shares of Tri Pointe Homes by 168.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,016 shares of the construction company’s stock worth $28,000 after acquiring an additional 637 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Tri Pointe Homes in the 4th quarter worth about $35,000. Evermay Wealth Management LLC bought a new position in shares of Tri Pointe Homes in the 4th quarter worth about $35,000. GAMMA Investing LLC bought a new position in shares of Tri Pointe Homes in the 4th quarter worth about $41,000. Finally, Assetmark Inc. increased its position in Tri Pointe Homes by 29,825.0% in the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after buying an additional 1,193 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Trading Up 2.9 %

TPH stock opened at $37.87 on Monday. The business has a fifty day moving average of $35.79 and a 200-day moving average of $32.94. The company has a market cap of $3.61 billion, a P/E ratio of 10.98, a PEG ratio of 0.76 and a beta of 1.54. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.46. Tri Pointe Homes has a twelve month low of $24.18 and a twelve month high of $39.08.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34. The business had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. As a group, equities research analysts expect that Tri Pointe Homes will post 3.65 EPS for the current year.

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.