Tri Pointe Homes, Inc. (NYSE:TPH) Receives $45.50 Average PT from Analysts

Tri Pointe Homes, Inc. (NYSE:TPH) has been assigned an average rating of “Buy” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.50.

A number of equities research analysts recently issued reports on TPH shares. Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Wedbush reissued a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Royal Bank of Canada increased their target price on Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Finally, Oppenheimer raised their price objective on Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 26th.

Tri Pointe Homes Price Performance

TPH stock opened at $43.17 on Tuesday. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes has a 52-week low of $24.18 and a 52-week high of $47.78. The stock’s fifty day simple moving average is $39.78 and its 200-day simple moving average is $37.50.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. Equities research analysts expect that Tri Pointe Homes will post 4.64 EPS for the current year.

Insider Activity at Tri Pointe Homes

In related news, CFO Glenn J. Keeler sold 24,200 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at approximately $6,882,825.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction on Monday, July 29th. The shares were sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the sale, the chief financial officer now owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas F. Bauer sold 56,567 shares of Tri Pointe Homes stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.78, for a total value of $2,250,235.26. Following the sale, the chief executive officer now directly owns 677,816 shares in the company, valued at $26,963,520.48. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Tri Pointe Homes

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in shares of Tri Pointe Homes by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,013,767 shares of the construction company’s stock valued at $35,887,000 after acquiring an additional 27,260 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Tri Pointe Homes by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company’s stock worth $34,135,000 after buying an additional 31,041 shares during the last quarter. GW&K Investment Management LLC bought a new position in shares of Tri Pointe Homes in the 4th quarter worth about $24,389,000. Norges Bank acquired a new position in shares of Tri Pointe Homes in the 4th quarter valued at about $22,862,000. Finally, Principal Financial Group Inc. lifted its holdings in Tri Pointe Homes by 0.4% in the first quarter. Principal Financial Group Inc. now owns 530,036 shares of the construction company’s stock worth $20,491,000 after acquiring an additional 2,211 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.