Tri Pointe Homes (NYSE:TPH) Hits New 12-Month High at $40.13

Tri Pointe Homes, Inc. (NYSE:TPH) shares reached a new 52-week high on Friday . The stock traded as high as $40.13 and last traded at $39.42, with a volume of 156611 shares trading hands. The stock had previously closed at $38.12.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Oppenheimer raised their price target on Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, April 26th. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Wedbush reiterated a “neutral” rating and set a $35.00 target price on shares of Tri Pointe Homes in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

Tri Pointe Homes Stock Up 2.3 %

The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $35.99 and a two-hundred day simple moving average of $33.23. The company has a market capitalization of $3.70 billion, a P/E ratio of 10.40, a PEG ratio of 0.64 and a beta of 1.54.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.34. The firm had revenue of $918.40 million for the quarter, compared to the consensus estimate of $867.77 million. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. As a group, equities analysts predict that Tri Pointe Homes, Inc. will post 4.49 EPS for the current year.

Insider Activity

In related news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the transaction, the chief operating officer now directly owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

Institutional investors and hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. increased its holdings in Tri Pointe Homes by 44.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 800,710 shares of the construction company’s stock worth $21,899,000 after purchasing an additional 246,648 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tri Pointe Homes by 49.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,168 shares of the construction company’s stock valued at $852,000 after buying an additional 10,290 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Tri Pointe Homes by 3.1% in the third quarter. Mackenzie Financial Corp now owns 26,469 shares of the construction company’s stock valued at $692,000 after acquiring an additional 788 shares in the last quarter. Strs Ohio raised its holdings in shares of Tri Pointe Homes by 3.9% in the third quarter. Strs Ohio now owns 37,500 shares of the construction company’s stock valued at $1,025,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Tri Pointe Homes by 11.6% in the third quarter. Inspire Investing LLC now owns 12,579 shares of the construction company’s stock worth $344,000 after acquiring an additional 1,303 shares during the period. 97.01% of the stock is currently owned by institutional investors.

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.