Tri Pointe Homes Inc. (NYSE:TPH) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Tri Pointe Homes Inc. (NYSE:TPH - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $41.60.

TPH has been the subject of several recent analyst reports. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $38.00 to $43.00 in a research note on Monday, April 28th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $31.67 on Tuesday. Tri Pointe Homes has a 1-year low of $27.90 and a 1-year high of $47.78. The company has a market cap of $2.87 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a 50-day moving average of $30.58 and a two-hundred day moving average of $33.09.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.25. Tri Pointe Homes had a return on equity of 12.97% and a net margin of 10.02%. The business had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. During the same period in the previous year, the company posted $1.03 earnings per share. The business's revenue for the quarter was down 21.5% on a year-over-year basis. As a group, analysts anticipate that Tri Pointe Homes will post 3.58 EPS for the current year.

Insider Activity

In related news, CEO Douglas F. Bauer sold 120,287 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the transaction, the chief executive officer now owns 627,833 shares of the company's stock, valued at $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company's stock.

Institutional Trading of Tri Pointe Homes

Several large investors have recently bought and sold shares of TPH. Covestor Ltd grew its holdings in 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 purchasing an additional 335 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Tri Pointe Homes by 84.4% in the fourth 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 during the last quarter. Assetmark Inc. grew its holdings in Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Tri Pointe Homes by 729.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after purchasing an additional 1,831 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Tri Pointe Homes by 562.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds 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.

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