Tri Pointe Homes (NYSE:TPH) Hits New 12-Month High at $40.13

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $40.13 and last traded at $39.42, with a volume of 156611 shares traded. The stock had previously closed at $38.12.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada boosted their price objective on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Wedbush reissued a "neutral" rating and set a $35.00 price target on shares of Tri Pointe Homes in a report on Thursday, April 25th. StockNews.com raised Tri Pointe Homes from a "hold" rating to a "buy" rating in a research note on Friday, April 26th. Finally, Oppenheimer boosted their target price on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.60.

Tri Pointe Homes Stock Up 2.3 %

The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.54. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average price of $35.99 and a 200 day moving average price of $33.23.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.34. The firm had revenue of $918.40 million for the quarter, compared to analyst estimates of $867.77 million. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. As a group, analysts forecast that Tri Pointe Homes, Inc. will post 4.49 EPS for the current year.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the transaction, the chief operating officer now owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new position in shares of Tri Pointe Homes during the 1st quarter valued at $25,000. Daiwa Securities Group Inc. acquired a new position in shares of Tri Pointe Homes during the fourth quarter valued at about $35,000. Evermay Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes in the 4th quarter valued at about $35,000. GAMMA Investing LLC acquired a new stake in shares of Tri Pointe Homes in the 4th quarter valued at about $41,000. Finally, Assetmark Inc. increased its position in Tri Pointe Homes by 29,825.0% in the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company's stock valued at $42,000 after buying an additional 1,193 shares in the last quarter. 97.01% of the stock is owned by 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.

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