Tri Pointe Homes Inc. (NYSE:TPH) has been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the firm. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.64.

TPH has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of 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. Evercore ISI initiated coverage on shares of Tri Pointe Homes in a report on Monday, November 14th. They set a “buy” rating and a $14.00 price objective on the stock. Wedbush set a $17.00 price objective on shares of Tri Pointe Homes and gave the stock a “buy” rating in a report on Wednesday, November 9th. Finally, Wells Fargo & Co. initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, September 28th. They set a “market perform” rating on the stock.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Moody Aldrich Partners LLC raised its position in shares of Tri Pointe Homes by 167.4% in the second quarter. Moody Aldrich Partners LLC now owns 137,825 shares of the company’s stock valued at $1,629,000 after buying an additional 86,275 shares during the period. Strs Ohio raised its position in shares of Tri Pointe Homes by 4,749.3% in the second quarter. Strs Ohio now owns 354,000 shares of the company’s stock valued at $4,184,000 after buying an additional 346,700 shares during the period. Bank of Montreal Can acquired a new position in shares of Tri Pointe Homes during the second quarter valued at about $23,076,000. New York State Teachers Retirement System raised its position in shares of Tri Pointe Homes by 45.6% in the second quarter. New York State Teachers Retirement System now owns 72,500 shares of the company’s stock valued at $857,000 after buying an additional 22,700 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its position in shares of Tri Pointe Homes by 147.9% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 405,152 shares of the company’s stock valued at $4,788,000 after buying an additional 241,745 shares during the period. 99.03% of the stock is currently owned by institutional investors.

Tri Pointe Homes (NYSE:TPH) opened at 11.89 on Tuesday. The stock has a 50 day moving average of $11.74 and a 200 day moving average of $12.41. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.63 and a beta of 1.70. Tri Pointe Homes has a 12-month low of $8.83 and a 12-month high of $14.33.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $581.79 million for the quarter, compared to the consensus estimate of $558.61 million. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. Equities research analysts anticipate that Tri Pointe Homes will post $1.22 earnings per share for the current year.

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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