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

Shares of Tri Pointe Homes Inc. (NYSE:TPH - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $41.60.

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

Insider Transactions at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $30.15, for a total value of $3,626,653.05. Following the completion of the sale, the chief executive officer now owns 627,833 shares in the company, valued at approximately $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tri Pointe Homes

Several institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after purchasing an additional 335 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 acquiring an additional 613 shares during the period. Assetmark Inc. increased its holdings in shares of 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 raised its position in shares of 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 period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Tri Pointe Homes by 562.1% during the 4th 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 during the last quarter. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH traded up $0.54 during midday trading on Tuesday, reaching $32.01. 1,917,994 shares of the company's stock were exchanged, compared to its average volume of 991,723. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.97 and a current ratio of 1.97. The company's 50 day simple moving average is $30.71 and its two-hundred day simple moving average is $33.00. Tri Pointe Homes has a 12 month low of $27.90 and a 12 month high of $47.78. The firm has a market capitalization of $2.90 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 0.81 and a beta of 1.24.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $720.79 million during the quarter, compared to analysts' expectations of $713.65 million. During the same period last year, the business earned $1.03 earnings per share. The business's revenue was down 21.5% on a year-over-year basis. Equities research analysts expect that Tri Pointe Homes will post 3.58 earnings per share 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.