Tri Pointe Homes (NYSE:TPH) Sees Unusually-High Trading Volume – Still a Buy?

Tri Pointe Homes Inc. (NYSE:TPH) saw unusually-high trading volume on Tuesday . Approximately 2,097,676 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 1,507,463 shares.The stock last traded at $46.2870 and had previously closed at $46.37.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TPH shares. Citizens Jmp initiated coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective on the stock. Citigroup started coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Oppenheimer downgraded shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.50.

Tri Pointe Homes Price Performance

The firm’s fifty day moving average price is $34.68 and its 200 day moving average price is $33.91. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.98 billion, a PE ratio of 13.66, a P/E/G ratio of 1.38 and a beta of 1.39.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TPH. Lido Advisors LLC increased its position in shares of Tri Pointe Homes by 3.5% in the fourth quarter. Lido Advisors LLC now owns 9,751 shares of the construction company’s stock valued at $326,000 after buying an additional 327 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Tri Pointe Homes by 45.2% in 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. Federated Hermes Inc. raised its holdings in Tri Pointe Homes by 0.6% in the 3rd quarter. Federated Hermes Inc. now owns 63,082 shares of the construction company’s stock valued at $2,143,000 after acquiring an additional 373 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Tri Pointe Homes by 3.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 10,507 shares of the construction company’s stock valued at $331,000 after purchasing an additional 394 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after acquiring an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.