Analysts Set Tri Pointe Homes Inc. (NYSE:TPH) Price Target at $42.50

Tri Pointe Homes Inc. (NYSE:TPH) has been given a consensus rating of “Hold” by the eight analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.50.

A number of equities research analysts have recently weighed in on the stock. Oppenheimer lowered shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Royal Bank Of Canada boosted their price objective on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings lowered shares of Tri Pointe Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 8th.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $46.97 on Friday. The business’s fifty day simple moving average is $46.75 and its 200-day simple moving average is $39.45. The company has a market cap of $4.00 billion, a PE ratio of 22.37, a PEG ratio of 1.37 and a beta of 1.16. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.33. Tri Pointe Homes has a 12-month low of $28.72 and a 12-month high of $46.99.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). The business had revenue of $507.90 million for the quarter, compared to analyst estimates of $495.67 million. Tri Pointe Homes had a return on equity of 6.24% and a net margin of 5.77%.The business’s revenue for the quarter was down 29.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. Analysts expect that Tri Pointe Homes will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In other news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the sale, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tri Pointe Homes

A number of large investors have recently made changes to their positions in TPH. Summit Securities Group LLC purchased a new position in shares of Tri Pointe Homes during the 4th quarter valued at about $27,000. Fulcrum Asset Management LLP purchased a new position in shares of Tri Pointe Homes during the 3rd quarter valued at about $44,000. Rockefeller Capital Management L.P. raised its stake in shares of Tri Pointe Homes by 29.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,615 shares of the construction company’s stock valued at $51,000 after buying an additional 367 shares during the last quarter. Nisa Investment Advisors LLC raised its stake 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 valued at $54,000 after buying an additional 401 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Tri Pointe Homes by 35.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,876 shares of the construction company’s stock valued at $59,000 after buying an additional 493 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.