Tri Pointe Homes (NYSE:TPH) Rating Lowered to Hold at StockNews.com

Tri Pointe Homes (NYSE:TPH) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada dropped their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wedbush restated a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Oppenheimer decreased their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.75.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock traded down $0.90 during trading on Tuesday, reaching $38.17. The company’s stock had a trading volume of 721,148 shares, compared to its average volume of 877,315. Tri Pointe Homes has a 52 week low of $32.79 and a 52 week high of $47.78. The firm has a market cap of $3.57 billion, a PE ratio of 7.92, a P/E/G ratio of 0.64 and a beta of 1.60. The business’s 50-day moving average price is $42.29 and its 200-day moving average price is $41.90. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 34.9% compared to the same quarter last year. Equities analysts forecast that Tri Pointe Homes will post 4.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Thomas J. Mitchell sold 77,384 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.15, for a total value of $3,029,583.60. Following the transaction, the chief operating officer now owns 708,159 shares in the company, valued at approximately $27,724,424.85. The trade was a 9.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

A number of institutional investors have recently bought and sold shares of TPH. Reston Wealth Management LLC bought a new position in shares of Tri Pointe Homes in the 3rd quarter worth about $45,000. Blue Trust Inc. grew its stake in Tri Pointe Homes by 31.7% during the second 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 period. Quarry LP increased its holdings in Tri Pointe Homes by 123.3% in the second quarter. Quarry LP now owns 2,401 shares of the construction company’s stock worth $89,000 after purchasing an additional 1,326 shares in the last quarter. GAMMA Investing LLC increased its holdings in Tri Pointe Homes by 75.6% in the third quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock worth $121,000 after purchasing an additional 1,149 shares in the last quarter. Finally, CWM LLC lifted its stake in Tri Pointe Homes by 39.3% in the third quarter. CWM LLC now owns 3,092 shares of the construction company’s stock valued at $140,000 after buying an additional 872 shares during the period. Institutional investors own 97.01% of the company’s stock.

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.