Tri Pointe Homes’ (TPH) Neutral Rating Reiterated at Wedbush

Tri Pointe Homes (NYSE:TPH)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Wedbush in a report released on Thursday, Benzinga reports. They presently have a $35.00 price target on the construction company’s stock. Wedbush’s price objective would suggest a potential downside of 3.23% from the company’s current price.

A number of other equities analysts have also weighed in on TPH. Royal Bank of Canada upgraded shares of Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Wednesday, March 13th. Oppenheimer reissued an “outperform” rating and issued a $41.00 target price (up previously from $36.00) on shares of Tri Pointe Homes in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Tri Pointe Homes Trading Down 1.3 %

Shares of TPH stock opened at $36.17 on Thursday. The company has a 50-day moving average of $35.71 and a two-hundred day moving average of $32.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.11 and a quick ratio of 2.11. Tri Pointe Homes has a 1-year low of $24.18 and a 1-year high of $39.08. The firm has a market cap of $3.45 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.54.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.24. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The firm’s revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 earnings per share. On average, analysts predict that Tri Pointe Homes will post 3.65 EPS for the current year.

Insider Buying and Selling at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction dated 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 transaction, the chief operating officer now directly owns 785,543 shares of the company’s stock, valued at $27,666,824.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tri Pointe Homes

A number of institutional investors have recently bought and sold shares of TPH. Ronald Blue Trust Inc. lifted its holdings in shares of Tri Pointe Homes by 168.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,016 shares of the construction company’s stock valued at $28,000 after buying an additional 637 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Tri Pointe Homes during the fourth quarter valued at approximately $35,000. Evermay Wealth Management LLC bought a new stake in shares of Tri Pointe Homes during the fourth quarter valued at approximately $35,000. GAMMA Investing LLC bought a new stake in shares of Tri Pointe Homes during the fourth quarter valued at approximately $41,000. Finally, Assetmark Inc. grew its position in Tri Pointe Homes by 29,825.0% in the fourth quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after acquiring an additional 1,193 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.