Tri Pointe Homes (NYSE:TPH) Reaches New 12-Month High – Time to Buy?

Tri Pointe Homes Inc. (NYSE:TPH)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.76 and last traded at $46.7050, with a volume of 2032260 shares traded. The stock had previously closed at $46.75.

Analyst Ratings Changes

Several research analysts have issued reports on TPH shares. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Citigroup started coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Royal Bank Of Canada raised their price target on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Citizens Jmp started coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price target for the company. Finally, Oppenheimer lowered shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.50.

Tri Pointe Homes Stock Down 0.2%

The firm’s 50 day moving average price is $43.70 and its two-hundred day moving average price is $36.69. The company has a market cap of $3.98 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30. 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 (NYSE:TPH) last released its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $972.63 million during the quarter, compared to analyst estimates of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. Tri Pointe Homes’s revenue for the quarter was down 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. Equities research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In other news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value 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. The trade was a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of Tri Pointe Homes

Hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in Tri Pointe Homes during the 4th quarter worth $27,000. Harbor Capital Advisors Inc. boosted its holdings in Tri Pointe Homes by 45.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after acquiring an additional 345 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in Tri Pointe Homes during the 3rd quarter worth $44,000. Farther Finance Advisors LLC boosted its holdings in Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings 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 worth $51,000 after acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.