Tri Pointe Homes, Inc. (NYSE:TPH) Receives $45.75 Consensus Price Target from Analysts

Tri Pointe Homes, Inc. (NYSE:TPH) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $45.75.

A number of research analysts have recently issued reports on the stock. Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Oppenheimer dropped 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 report on Friday, October 25th. 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 report on Tuesday, September 17th. Royal Bank of Canada dropped their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th.

Insider Activity

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Tri Pointe Homes

A number of large investors have recently modified their holdings of the company. Gradient Investments LLC bought a new stake in Tri Pointe Homes during the 2nd quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in shares of Tri Pointe Homes during the third quarter valued at about $45,000. GAMMA Investing LLC increased its position in shares of Tri Pointe Homes by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after acquiring an additional 588 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 427 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after acquiring an additional 920 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $41.79 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes has a 52 week low of $28.74 and a 52 week high of $47.78. The firm has a market cap of $3.91 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.67 and a beta of 1.60. The firm’s fifty day moving average is $43.34 and its 200-day moving average is $41.37.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. Sell-side analysts predict that Tri Pointe Homes will post 4.72 earnings per share 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.