Shares of Tri Pointe Homes Inc. (NYSE:TPH) have earned an average recommendation of “Buy” from the ten analysts that are currently covering the company. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.92.

Several research firms have recently commented on TPH. FBR & Co lifted their price objective on Tri Pointe Homes from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Citigroup Inc. lifted their price objective on Tri Pointe Homes from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Zacks Investment Research upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Saturday, July 30th. Wells Fargo & Co. began coverage on Tri Pointe Homes in a report on Wednesday, September 28th. They issued a “market perform” rating on the stock. Finally, Wedbush began coverage on Tri Pointe Homes in a report on Monday, September 19th. They issued an “outperform” rating and a $17.00 price objective on the stock.

Tri Pointe Homes (NYSE:TPH) traded up 0.24% on Monday, reaching $12.65. The company had a trading volume of 322,743 shares. The company’s 50 day moving average is $12.99 and its 200-day moving average is $12.47. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 8.61 and a beta of 1.61. Tri Pointe Homes has a one year low of $8.83 and a one year high of $14.38.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.18. Tri Pointe Homes had a return on equity of 14.02% and a net margin of 9.23%. The business had revenue of $556.93 million for the quarter, compared to the consensus estimate of $545.23 million. During the same quarter last year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, equities research analysts expect that Tri Pointe Homes will post $1.26 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Tri Pointe Homes by 22.8% in the second quarter. Dimensional Fund Advisors LP now owns 8,499,848 shares of the company’s stock valued at $100,467,000 after buying an additional 1,575,627 shares during the last quarter. Carlson Capital L P boosted its stake in Tri Pointe Homes by 1.4% in the second quarter. Carlson Capital L P now owns 5,844,579 shares of the company’s stock valued at $69,083,000 after buying an additional 81,100 shares during the last quarter. Greenhaven Associates Inc. boosted its stake in Tri Pointe Homes by 0.7% in the second quarter. Greenhaven Associates Inc. now owns 5,009,519 shares of the company’s stock valued at $59,213,000 after buying an additional 34,500 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Tri Pointe Homes by 3.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,985,994 shares of the company’s stock valued at $58,934,000 after buying an additional 160,027 shares during the last quarter. Finally, FMR LLC boosted its stake in Tri Pointe Homes by 37.3% in the second quarter. FMR LLC now owns 4,847,692 shares of the company’s stock valued at $57,299,000 after buying an additional 1,318,048 shares during the last quarter. 98.26% of the stock is currently owned by institutional investors and hedge funds.

About Tri Pointe Homes

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

5 Day Chart for NYSE:TPH

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