Tri Pointe Homes Inc. (NYSE:TPH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Tri Pointe Homes Inc. (NYSE:TPH) has received a consensus recommendation of "Moderate Buy" from analysts, with an average 1-year price target of $40.25.
• Institutional investors hold a significant stake in Tri Pointe Homes, owning 97.01% of the company's stock, with various firms increasing their positions recently.
• The company reported earnings of $0.77 per share, which exceeded analyst expectations, but its revenue declined 22.3% year-over-year.

Shares of Tri Pointe Homes Inc. (NYSE:TPH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.25.

TPH has been the subject of several research reports. Wall Street Zen upgraded Tri Pointe Homes from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Wedbush reiterated an "outperform" rating and issued a $43.00 target price on shares of Tri Pointe Homes in a research report on Friday, July 25th. Wolfe Research lowered Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research report on Sunday, July 27th. Finally, Evercore ISI decreased their target price on Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, July 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its position in Tri Pointe Homes by 2,659.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company's stock valued at $61,000 after purchasing an additional 1,835 shares during the period. Smartleaf Asset Management LLC boosted its position in Tri Pointe Homes by 56.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company's stock valued at $67,000 after purchasing an additional 757 shares during the period. EverSource Wealth Advisors LLC boosted its position in Tri Pointe Homes by 104.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company's stock valued at $69,000 after purchasing an additional 1,100 shares during the period. GAMMA Investing LLC boosted its position in Tri Pointe Homes by 19.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company's stock valued at $76,000 after purchasing an additional 389 shares during the period. Finally, Blue Trust Inc. boosted its position in Tri Pointe Homes by 16.6% during the 2nd quarter. Blue Trust Inc. now owns 2,982 shares of the construction company's stock valued at $95,000 after purchasing an additional 424 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

TPH stock opened at $34.28 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a 52-week low of $27.90 and a 52-week high of $46.91. The stock's 50 day moving average is $34.22 and its two-hundred day moving average is $32.30. The company has a market capitalization of $3.11 billion, a PE ratio of 8.72, a P/E/G ratio of 0.92 and a beta of 1.30.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.66 by $0.11. The company had revenue of $884.01 million during the quarter, compared to analyst estimates of $810.77 million. Tri Pointe Homes had a return on equity of 11.33% and a net margin of 9.22%.The business's revenue was down 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. Analysts predict that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its Board of Directors has approved a stock repurchase program on Thursday, July 24th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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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