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

Tri Pointe Homes Inc. (NYSE:TPH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the firm, MarketBeat 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 12 month price objective among analysts that have covered the stock in the last year is $41.60.

Separately, Wedbush upgraded shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $38.00 to $43.00 in a report on Monday, April 28th.

Insider Buying and Selling

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $30.15, for a total value of $3,626,653.05. Following the sale, the chief executive officer directly owned 627,833 shares in the company, valued at approximately $18,929,164.95. The trade was a 16.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd increased its position in shares of Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after acquiring an additional 335 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 worth $67,000 after acquiring an additional 757 shares during the period. Sterling Capital Management LLC boosted its position in shares of Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after purchasing an additional 1,831 shares in the last quarter. GAMMA Investing LLC lifted its position in Tri Pointe Homes by 19.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company's stock valued at $76,000 after acquiring an additional 389 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Tri Pointe Homes during the 4th quarter valued at $118,000. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Stock Up 7.4%

Shares of TPH stock traded up $2.45 during trading hours on Friday, reaching $35.36. The company had a trading volume of 1,167,277 shares, compared to its average volume of 923,303. Tri Pointe Homes has a twelve month low of $27.90 and a twelve month high of $47.78. The stock's fifty day simple moving average is $31.50 and its 200 day simple moving average is $32.44. 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 has a market capitalization of $3.21 billion, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 0.86 and a beta of 1.25.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.25. The business had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a return on equity of 12.97% and a net margin of 10.02%. Tri Pointe Homes's revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, sell-side 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.