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

Key Points

• Tri Pointe Homes Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 1-year target price of $40.80.
• Recently, several investment firms adjusted their ratings on Tri Pointe, with Wall Street Zen upgrading the stock to "hold" and Evercore ISI setting a target price of $43.00.
• The company reported a net revenue of $884.01 million for the last quarter, exceeding analyst estimates, although this reflects a 22.3% year-over-year decline.

Shares of Tri Pointe Homes Inc. (NYSE:TPH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment 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 1-year target price among analysts that have updated their coverage on the stock in the last year is $40.80.

A number of equities research analysts have recently weighed in on TPH shares. Wall Street Zen upgraded Tri Pointe Homes from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Wolfe Research lowered Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research report on Sunday, July 27th. Evercore ISI dropped their target price on Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Finally, Wedbush reiterated an "outperform" rating and issued a $43.00 target price on shares of Tri Pointe Homes in a research report on Friday, July 25th.

Institutional Investors Weigh In On Tri Pointe Homes

Large investors have recently bought and sold shares of the company. Nuveen LLC acquired a new position in Tri Pointe Homes in the first quarter valued at approximately $43,906,000. AQR Capital Management LLC lifted its holdings in Tri Pointe Homes by 353.2% in the second quarter. AQR Capital Management LLC now owns 687,307 shares of the construction company's stock valued at $21,788,000 after acquiring an additional 535,640 shares during the period. Allianz Asset Management GmbH lifted its holdings in Tri Pointe Homes by 54.8% in the first quarter. Allianz Asset Management GmbH now owns 1,255,057 shares of the construction company's stock valued at $40,061,000 after acquiring an additional 444,153 shares during the period. AE Wealth Management LLC lifted its holdings in Tri Pointe Homes by 4,456.8% in the second quarter. AE Wealth Management LLC now owns 348,918 shares of the construction company's stock valued at $11,148,000 after acquiring an additional 341,261 shares during the period. Finally, First Wilshire Securities Management Inc. acquired a new position in Tri Pointe Homes in the first quarter valued at approximately $9,987,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Shares of TPH stock opened at $37.09 on Friday. Tri Pointe Homes has a fifty-two week low of $27.90 and a fifty-two week high of $46.91. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.01 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.79 and a current ratio of 1.79. The stock's 50-day simple moving average is $33.81 and its 200-day simple moving average is $31.95.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.11. Tri Pointe Homes had a return on equity of 11.33% and a net margin of 9.22%.The business had revenue of $884.01 million for the quarter, compared to analyst estimates of $810.77 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The company's revenue was down 22.3% on a year-over-year basis. As a group, equities analysts forecast that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its Board of Directors has approved a share buyback plan on Thursday, July 24th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.

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