Tri Pointe Homes (NYSE:TPH) Issues Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Tri Pointe Homes (NYSE:TPH) posted its earnings results on Wednesday. The construction company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.22), Zacks reports. Tri Pointe Homes had a return on equity of 6.24% and a net margin of 5.77%.The business had revenue of $507.90 million for the quarter, compared to analysts’ expectations of $495.67 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Tri Pointe Homes’s quarterly revenue was down 29.7% compared to the same quarter last year.

Tri Pointe Homes Trading Up 0.1%

Shares of TPH stock opened at $46.89 on Friday. The stock has a market capitalization of $3.99 billion, a PE ratio of 22.33, a P/E/G ratio of 1.36 and a beta of 1.30. Tri Pointe Homes has a 1-year low of $28.72 and a 1-year high of $46.99. The business has a 50-day moving average of $46.62 and a 200 day moving average of $38.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TPH shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Friday, April 24th. Citigroup initiated coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Royal Bank Of Canada upped their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective for the company. Finally, Oppenheimer cut shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.50.

Insiders Place Their Bets

In related news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares in the company, valued at $1,405,188.90. This represents a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tri Pointe Homes

Several institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in Tri Pointe Homes by 3.5% in the 4th quarter. Lido Advisors LLC now owns 9,751 shares of the construction company’s stock worth $326,000 after buying an additional 327 shares during the period. Amundi lifted its holdings in Tri Pointe Homes by 2.8% in the 3rd quarter. Amundi now owns 15,548 shares of the construction company’s stock worth $527,000 after buying an additional 419 shares during the period. Merit Financial Group LLC lifted its holdings in Tri Pointe Homes by 5.0% in the 3rd quarter. Merit Financial Group LLC now owns 8,795 shares of the construction company’s stock worth $299,000 after buying an additional 421 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Tri Pointe Homes by 1.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 48,370 shares of the construction company’s stock worth $1,522,000 after buying an additional 521 shares during the period. Finally, Vident Advisory LLC lifted its holdings in Tri Pointe Homes by 2.1% in the 4th quarter. Vident Advisory LLC now owns 26,010 shares of the construction company’s stock worth $819,000 after buying an additional 526 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 (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.