Tri Pointe Homes (NYSE:TPH) Upgraded by StockNews.com to "Buy"

Tri Pointe Homes (NYSE:TPH - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.

Other research analysts have also issued research reports about the stock. Oppenheimer upped their price objective on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday. Royal Bank of Canada upped 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 note on Friday. Finally, Wedbush reiterated a "neutral" rating and issued a $35.00 price objective on shares of Tri Pointe Homes in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tri Pointe Homes presently has an average rating of "Moderate Buy" and a consensus price target of $40.60.

Tri Pointe Homes Trading Up 2.9 %

Shares of NYSE:TPH traded up $1.05 during mid-day trading on Friday, hitting $37.87. The stock had a trading volume of 946,940 shares, compared to its average volume of 1,063,499. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market cap of $3.61 billion, a PE ratio of 10.98, a P/E/G ratio of 0.76 and a beta of 1.54. Tri Pointe Homes has a 12-month low of $24.18 and a 12-month high of $39.08. The company's 50 day moving average is $35.79 and its 200-day moving average is $32.94.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.69 by $0.34. The business had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, sell-side analysts predict that Tri Pointe Homes will post 3.65 EPS for the current year.

Insider Transactions at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes 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 transaction, the chief operating officer now owns 785,543 shares of the company's stock, valued at approximately $27,666,824.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tri Pointe Homes

A number of institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co increased its holdings in Tri Pointe Homes by 2.7% during the fourth quarter. Diversified Trust Co now owns 12,506 shares of the construction company's stock worth $443,000 after buying an additional 330 shares during the last quarter. Oliver Luxxe Assets LLC increased its holdings in shares of Tri Pointe Homes by 1.2% in the first quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company's stock valued at $1,137,000 after purchasing an additional 354 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Tri Pointe Homes by 21.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,748 shares of the construction company's stock valued at $97,000 after purchasing an additional 487 shares during the last quarter. Cavalier Investments LLC increased its holdings in shares of Tri Pointe Homes by 3.8% in the third quarter. Cavalier Investments LLC now owns 17,120 shares of the construction company's stock valued at $468,000 after purchasing an additional 629 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Tri Pointe Homes by 105.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company's stock valued at $48,000 after purchasing an additional 700 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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