Tri Pointe Homes (NYSE:TPH) Given “Hold (C)” Rating at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Tri Pointe Homes (NYSE:TPH) in a research report sent to investors on Thursday,Weiss Ratings reports.

A number of other research analysts have also commented on TPH. Evercore ISI reaffirmed an “in-line” rating and set a $34.00 price target (down previously from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. Wall Street Zen raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of Tri Pointe Homes in a research report on Friday, July 25th. Finally, Wolfe Research downgraded shares of Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research report on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

Tri Pointe Homes Trading Up 0.0%

NYSE TPH opened at $31.87 on Thursday. Tri Pointe Homes has a 1-year low of $27.90 and a 1-year high of $45.28. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $33.95 and a 200-day moving average of $32.51. The firm has a market cap of $2.74 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The company had revenue of $836.87 million during the quarter, compared to analyst estimates of $782.22 million. During the same quarter in the previous year, the company posted $1.18 EPS. Tri Pointe Homes’s revenue for the quarter was down 26.6% on a year-over-year basis. As a group, sell-side analysts forecast that Tri Pointe Homes will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its board has authorized a share repurchase program on Thursday, July 24th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in shares of Tri Pointe Homes by 45.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after acquiring an additional 345 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,043 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after acquiring an additional 401 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Tri Pointe Homes by 2,659.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock worth $61,000 after acquiring an additional 1,835 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Tri Pointe Homes by 56.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock worth $67,000 after acquiring an additional 757 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Tri Pointe Homes

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.