Tri Pointe Homes, Inc. (NYSE:TPH) Receives $41.60 Consensus Target Price from Analysts

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $41.60.

A number of research analysts recently commented on the company. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Evercore ISI lowered their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Oppenheimer reduced their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Wedbush upgraded shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $38.00 to $43.00 in a research report on Monday, April 28th.

Insiders Place Their Bets

In related news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $30.15, for a total value of $3,626,653.05. Following the completion of the transaction, the chief executive officer now owns 627,833 shares in the company, valued at approximately $18,929,164.95. The trade was a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Tri Pointe Homes

A number of hedge funds have recently added to or reduced their stakes in TPH. Covestor Ltd raised its stake in shares of Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after acquiring an additional 335 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Tri Pointe Homes by 84.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after purchasing an additional 613 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after buying an additional 300 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after buying an additional 1,831 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Tri Pointe Homes by 562.1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after buying an additional 1,900 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Down 0.5 %

Shares of TPH traded down $0.15 during midday trading on Monday, reaching $31.62. The company had a trading volume of 147,458 shares, compared to its average volume of 1,018,593. Tri Pointe Homes has a 1-year low of $27.90 and a 1-year high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $31.03 and a 200-day simple moving average of $35.74. The stock has a market cap of $2.87 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.25. The firm had revenue of $720.79 million during the quarter, compared to analysts' expectations of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. Tri Pointe Homes's revenue was down 21.5% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. Research analysts forecast that Tri Pointe Homes will post 3.58 EPS for the current fiscal year.

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.