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

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $41.60.

TPH has been the topic of a number of research reports. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $41.00 to $37.00 in a research note 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 note on Thursday, March 6th. Evercore ISI dropped their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Oppenheimer dropped their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $38.00 to $43.00 in a research report on Monday, April 28th.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the company's 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 completion of the sale, the chief executive officer now directly 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 at the SEC website. Corporate insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Tri Pointe Homes

A number of hedge funds have recently bought and sold shares of TPH. Inspire Investing LLC lifted its stake in shares of Tri Pointe Homes by 4.8% in the first quarter. Inspire Investing LLC now owns 12,652 shares of the construction company's stock valued at $404,000 after buying an additional 575 shares during the period. Strs Ohio bought a new stake in shares of Tri Pointe Homes in the first quarter valued at about $606,000. Belpointe Asset Management LLC lifted its stake in shares of Tri Pointe Homes by 25.3% in the first quarter. Belpointe Asset Management LLC now owns 10,189 shares of the construction company's stock valued at $325,000 after buying an additional 2,058 shares during the period. Intech Investment Management LLC lifted its stake in shares of Tri Pointe Homes by 33.5% in the first quarter. Intech Investment Management LLC now owns 56,013 shares of the construction company's stock valued at $1,788,000 after buying an additional 14,069 shares during the period. Finally, Bayforest Capital Ltd lifted its stake in shares of Tri Pointe Homes by 1,799.6% in the first quarter. Bayforest Capital Ltd now owns 30,660 shares of the construction company's stock valued at $979,000 after buying an additional 29,046 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Stock Up 1.6%

NYSE:TPH traded up $0.47 during trading hours on Friday, hitting $29.87. 1,018,759 shares of the stock traded hands, compared to its average volume of 909,081. The firm has a 50 day moving average price of $30.55 and a 200 day moving average price of $34.33. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.67 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The company had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. During the same period in the previous year, the business earned $1.03 EPS. The company's revenue was down 21.5% on a year-over-year basis. Equities research analysts anticipate that Tri Pointe Homes will post 3.58 earnings per share for the current 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.