Tri Pointe Homes Inc. (NYSE:TPH) Receives $42.50 Average Price Target from Analysts

Tri Pointe Homes Inc. (NYSE:TPH) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $42.50.

A number of research firms have recently weighed in on TPH. Citigroup started coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Citizens Jmp assumed coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 target price for the company. Royal Bank Of Canada upped their price target on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $46.38 on Friday. The company’s fifty day moving average price is $37.69 and its 200-day moving average price is $34.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.38 and a beta of 1.34. Tri Pointe Homes has a one year low of $27.90 and a one year high of $46.62.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The company had revenue of $972.63 million during the quarter, compared to analyst estimates of $917.86 million. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s quarterly revenue was down 22.5% compared to the same quarter last year. On average, equities research analysts anticipate that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven J. Gilbert sold 50,000 shares of the firm’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 in the company, valued at $1,405,188.90. This trade represents a 62.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in Tri Pointe Homes during the fourth quarter worth $191,000. Vident Advisory LLC grew its position in Tri Pointe Homes by 2.1% in the 4th quarter. Vident Advisory LLC now owns 26,010 shares of the construction company’s stock valued at $819,000 after acquiring an additional 526 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Tri Pointe Homes in the fourth quarter worth $553,000. Empowered Funds LLC lifted its position in shares of Tri Pointe Homes by 35.6% during the fourth quarter. Empowered Funds LLC now owns 56,847 shares of the construction company’s stock worth $1,789,000 after purchasing an additional 14,915 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in shares of Tri Pointe Homes by 10.4% during the fourth quarter. Voloridge Investment Management LLC now owns 511,521 shares of the construction company’s stock valued at $16,098,000 after purchasing an additional 48,275 shares during the period. 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.