Tri Pointe Homes, Inc. (NYSE:TPH) Receives Consensus Recommendation of "Moderate Buy" from Analysts

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

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

Insiders Place Their Bets

In related news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the sale, the chief executive officer now owns 627,833 shares in the company, valued at $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in Tri Pointe Homes during the fourth quarter valued at approximately $5,553,000. Principal Financial Group Inc. lifted its position in Tri Pointe Homes by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company's stock worth $17,626,000 after buying an additional 16,380 shares in the last quarter. Wells Fargo & Company MN lifted its position in Tri Pointe Homes by 24.9% in the 4th quarter. Wells Fargo & Company MN now owns 53,413 shares of the construction company's stock worth $1,937,000 after buying an additional 10,650 shares in the last quarter. William Blair Investment Management LLC lifted its position in Tri Pointe Homes by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company's stock worth $41,284,000 after buying an additional 27,691 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its position in Tri Pointe Homes by 5.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock worth $73,850,000 after buying an additional 102,187 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Trading Down 0.8%

TPH traded down $0.24 during trading hours on Friday, reaching $29.45. The company's stock had a trading volume of 1,231,248 shares, compared to its average volume of 905,529. Tri Pointe Homes has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. The stock has a market cap of $2.67 billion, a PE ratio of 6.10, a P/E/G ratio of 0.67 and a beta of 1.34. The business's 50-day moving average is $30.68 and its 200-day moving average is $34.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64.

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

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.