Evercore ISI assumed coverage on shares of Tri Pointe Homes Inc. (NYSE:TPH) in a report issued on Monday. The firm issued a buy rating and a $14.00 price target on the stock.

A number of other analysts have also issued reports on the company. Wedbush initiated coverage on Tri Pointe Homes in a research report on Monday, September 19th. They set an outperform rating and a $17.00 target price on the stock. Zacks Investment Research raised Tri Pointe Homes from a strong sell rating to a hold rating in a research report on Tuesday, July 19th. Wells Fargo & Co. initiated coverage on Tri Pointe Homes in a research report on Wednesday, September 28th. They set a market perform rating on the stock. Citigroup Inc. lifted their target price on Tri Pointe Homes from $15.00 to $17.00 and gave the stock a buy rating in a research report on Friday, July 29th. Finally, FBR & Co lifted their target price on Tri Pointe Homes from $15.00 to $17.00 and gave the stock an outperform rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Tri Pointe Homes has an average rating of Buy and a consensus target price of $15.56.

Analyst Recommendations for Tri Pointe Homes (NYSE:TPH)

Shares of Tri Pointe Homes (NYSE:TPH) traded up 2.69% during midday trading on Monday, reaching $11.47. The company’s stock had a trading volume of 235,193 shares. Tri Pointe Homes has a 52 week low of $8.83 and a 52 week high of $14.38. The firm’s 50 day moving average is $12.01 and its 200 day moving average is $12.39. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 8.33 and a beta of 1.70.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Thursday, October 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. Tri Pointe Homes had a return on equity of 12.73% and a net margin of 8.87%. The business had revenue of $581.79 million for the quarter, compared to analysts’ expectations of $558.61 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. Equities analysts forecast that Tri Pointe Homes will post $1.22 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its position in Tri Pointe Homes by 0.3% in the third quarter. Hsbc Holdings PLC now owns 28,320 shares of the company’s stock valued at $373,000 after buying an additional 96 shares during the period. Advantus Capital Management Inc raised its position in Tri Pointe Homes by 0.7% in the third quarter. Advantus Capital Management Inc now owns 17,792 shares of the company’s stock valued at $234,000 after buying an additional 129 shares during the period. State Treasurer State of Michigan raised its position in Tri Pointe Homes by 0.5% in the second quarter. State Treasurer State of Michigan now owns 58,500 shares of the company’s stock valued at $691,000 after buying an additional 300 shares during the period. Legal & General Group Plc raised its position in Tri Pointe Homes by 1.0% in the second quarter. Legal & General Group Plc now owns 37,309 shares of the company’s stock valued at $436,000 after buying an additional 366 shares during the period. Finally, Amalgamated Bank raised its position in Tri Pointe Homes by 2.3% in the second quarter. Amalgamated Bank now owns 18,410 shares of the company’s stock valued at $251,000 after buying an additional 409 shares during the period. 97.41% of the stock is owned by institutional investors.

Tri Pointe Homes Company Profile

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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