Tri Pointe Homes, Inc. (NYSE:TPH) Receives $47.25 Average PT from Brokerages

Tri Pointe Homes, Inc. (NYSE:TPH) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $47.25.

A number of analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of Tri Pointe Homes from $54.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research note on Tuesday, September 17th. Royal Bank of Canada increased their target price on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, July 25th. Finally, Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th.

Tri Pointe Homes Trading Up 0.6 %

Tri Pointe Homes stock opened at $46.50 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes has a 12 month low of $24.18 and a 12 month high of $47.78. The company’s fifty day simple moving average is $43.86 and its 200-day simple moving average is $40.68. The stock has a market cap of $4.41 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.74 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.16. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The business’s revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. As a group, sell-side analysts forecast that Tri Pointe Homes will post 4.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the transaction, the chief financial officer now directly owns 149,108 shares in the company, valued at approximately $6,882,825.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Glenn J. Keeler sold 24,200 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC bought a new position in Tri Pointe Homes during the first quarter valued at about $25,000. Gradient Investments LLC acquired a new position in shares of Tri Pointe Homes in the second quarter valued at $30,000. GAMMA Investing LLC lifted its position in Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after purchasing an additional 588 shares during the period. Blue Trust Inc. boosted 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 buying an additional 427 shares in the last quarter. Finally, CWM LLC increased its holdings in Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after buying an additional 920 shares during the period. Institutional investors and hedge funds 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.