Tri Pointe Homes, Inc. (NYSE:TPH) Given Average Rating of "Moderate Buy" by Brokerages

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $40.60.

A number of brokerages have recently issued reports on TPH. Wedbush reaffirmed a "neutral" rating and issued a $35.00 price target on shares of Tri Pointe Homes in a research note on Thursday, April 25th. StockNews.com upgraded Tri Pointe Homes from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. Oppenheimer lifted their price objective on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada lifted their target price on Tri Pointe Homes from $38.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, April 26th.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH traded up $0.08 during trading on Friday, hitting $39.98. The stock had a trading volume of 650,704 shares, compared to its average volume of 1,014,063. Tri Pointe Homes has a 12-month low of $24.18 and a 12-month high of $40.98. 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 market capitalization of $3.79 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.70 and a beta of 1.54. The stock has a 50-day simple moving average of $36.94 and a two-hundred day simple moving average of $34.24.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate 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 return on equity of 12.39% and a net margin of 9.62%. Tri Pointe Homes's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. On average, equities research analysts expect that Tri Pointe Homes will post 4.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 56,567 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the completion of the sale, the chief executive officer now directly owns 677,816 shares of the company's stock, valued at approximately $26,963,520.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO Thomas J. Mitchell sold 51,533 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas F. Bauer sold 56,567 shares of the stock in a transaction on Thursday, May 9th. The shares were 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 owns 677,816 shares in the company, valued at approximately $26,963,520.48. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in Tri Pointe Homes by 63.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company's stock valued at $138,539,000 after purchasing an additional 1,524,401 shares during the period. American Century Companies Inc. boosted its stake in Tri Pointe Homes by 21.7% in the third quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company's stock valued at $46,040,000 after acquiring an additional 300,383 shares during the period. Invesco Ltd. boosted its stake in Tri Pointe Homes by 15.1% in the third quarter. Invesco Ltd. now owns 1,042,993 shares of the construction company's stock valued at $28,526,000 after acquiring an additional 137,175 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Tri Pointe Homes by 2.8% in the fourth 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 during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Tri Pointe Homes by 26.9% during the third quarter. Assenagon Asset Management S.A. now owns 727,045 shares of the construction company's stock valued at $19,885,000 after buying an additional 153,994 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

About Tri Pointe Homes

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.