Tri Pointe Homes Inc. (NYSE:TPH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Tri Pointe Homes Inc. (NYSE:TPH) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $39.40.

Several equities analysts have recently weighed in on the stock. Citizens Jmp assumed coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective on the stock. Royal Bank Of Canada set a $31.00 target price on shares of Tri Pointe Homes in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Finally, Citigroup assumed coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock.

Tri Pointe Homes Trading Up 4.1%

TPH opened at $36.50 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. Tri Pointe Homes has a twelve month low of $27.90 and a twelve month high of $37.51. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 1.05 and a beta of 1.39. The company has a 50-day simple moving average of $33.53 and a 200 day simple moving average of $33.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. grew its stake in shares of Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after buying an additional 345 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Tri Pointe Homes during the third quarter valued at approximately $44,000. Farther Finance Advisors LLC raised its holdings in Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after buying an additional 1,043 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Tri Pointe Homes by 33.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after acquiring an additional 401 shares during the last quarter. Finally, Pinnacle Holdings LLC bought a new stake in shares of Tri Pointe Homes in the 3rd quarter worth approximately $64,000. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Company Profile

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.