Tri Pointe Homes, Inc. (NYSE:TPH) Receives $40.60 Consensus Price Target from Brokerages

Tri Pointe Homes, Inc. (NYSE:TPH) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $40.60.

Several research firms have recently weighed in on TPH. Oppenheimer decreased their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada cut Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Wedbush restated a “neutral” rating and issued a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Finally, Evercore ISI dropped their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th.

Institutional Trading of Tri Pointe Homes

Several hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its position in Tri Pointe Homes by 27.6% during the third quarter. Captrust Financial Advisors now owns 6,931 shares of the construction company’s stock valued at $314,000 after acquiring an additional 1,499 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Tri Pointe Homes by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 39,376 shares of the construction company’s stock valued at $1,785,000 after purchasing an additional 760 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Tri Pointe Homes by 7.8% in the 3rd quarter. Quantinno Capital Management LP now owns 8,204 shares of the construction company’s stock worth $372,000 after purchasing an additional 596 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Tri Pointe Homes during the 3rd quarter worth $258,000. Finally, Wolverine Trading LLC acquired a new position in Tri Pointe Homes during the 3rd quarter valued at about $308,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Performance

TPH stock opened at $29.07 on Thursday. Tri Pointe Homes has a twelve month low of $27.90 and a twelve month high of $47.78. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.67 and a beta of 1.44. The business’s fifty day simple moving average is $31.83 and its two-hundred day simple moving average is $37.29. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Analysts predict that Tri Pointe Homes will post 3.58 earnings per share for the current year.

Tri Pointe Homes declared that its board has initiated a stock repurchase plan on Wednesday, December 18th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 7.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.