Tri Pointe Homes (NYSE:TPH) Raised to "Hold" at Wall Street Zen

Key Points

• Tri Pointe Homes has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, while other analysts have varied opinions on the stock, resulting in a consensus rating of "Moderate Buy."
• The company reported a quarterly EPS of $0.77, exceeding estimates, but showed a revenue decrease of 22.3% year-over-year, amounting to $884.01 million.
• Tri Pointe Homes has authorized a $50 million share buyback plan, indicating confidence from management regarding the undervaluation of its stock.

Tri Pointe Homes (NYSE:TPH - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other research analysts have also weighed in on the stock. Wedbush reissued an "outperform" rating and issued a $43.00 target price on shares of Tri Pointe Homes in a report on Friday, July 25th. Evercore ISI decreased their price objective on Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Finally, Wolfe Research downgraded Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research report on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.80.

Tri Pointe Homes Price Performance

Shares of NYSE TPH traded up $1.02 during midday trading on Friday, reaching $36.32. 880,684 shares of the company were exchanged, compared to its average volume of 925,901. The stock's 50-day moving average price is $33.71 and its 200-day moving average price is $31.91. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a one year low of $27.90 and a one year high of $46.91. The stock has a market cap of $3.29 billion, a P/E ratio of 9.24, a PEG ratio of 0.96 and a beta of 1.27.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $0.77 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $810.77 million. During the same period in the prior year, the firm posted $1.25 EPS. Tri Pointe Homes's quarterly revenue was down 22.3% compared to the same quarter last year. On average, sell-side analysts anticipate 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 shares. This repurchase authorization permits the construction company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of Tri Pointe Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its stake in Tri Pointe Homes by 2,659.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company's stock worth $61,000 after buying an additional 1,835 shares during the period. Smartleaf Asset Management LLC grew its stake in 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 valued at $67,000 after acquiring an additional 757 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tri Pointe Homes by 104.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company's stock valued at $69,000 after purchasing an additional 1,100 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 389 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Tri Pointe Homes by 16.6% during the 2nd quarter. Blue Trust Inc. now owns 2,982 shares of the construction company's stock worth $95,000 after purchasing an additional 424 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

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.