Tri Pointe Homes (NYSE:TPH) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Technical move: Shares crossed above their 50‑day moving average (50‑day MA $45.26), trading as high as $46.81 and last at $46.795 on heavy volume, a short‑term bullish signal.
• Earnings and analyst mix: Tri Pointe posted Q4 EPS of $0.80 (vs. $0.78 est.) and revenue of $972.6M (beat) but revenue was down 22.5% YoY; analysts are mixed with an average "Hold" rating and $42.50 target while some firms raised targets or upgraded coverage (RBC $47, Citi "Outperform").
• Insider and institutional ownership: Director Steven J. Gilbert sold 50,000 shares at about $46.33 (~$2.32M); insiders own ~3.2% of the stock while institutional investors hold roughly 97%.

Shares of Tri Pointe Homes Inc. (NYSE:TPH - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.26 and traded as high as $46.81. Tri Pointe Homes shares last traded at $46.7950, with a volume of 1,978,496 shares.

Analysts Set New Price Targets

TPH has been the topic of a number of research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Royal Bank Of Canada raised their price objective on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 17th. Citigroup initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set an "outperform" rating on the stock. Oppenheimer cut shares of Tri Pointe Homes from an "outperform" rating to a "market perform" rating in a report on Friday, February 13th. Finally, Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set a "market outperform" rating and a $46.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Tri Pointe Homes has an average rating of "Hold" and an average target price of $42.50.

Tri Pointe Homes Stock Down 0.0%

The business's fifty day moving average price is $45.26 and its 200 day moving average price is $37.22. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.36 and a beta of 1.30. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The business had revenue of $972.63 million for the quarter, compared to analysts' expectations of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The company's quarterly revenue was down 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. On average, equities analysts expect that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Insider Activity at Tri Pointe Homes

In other news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares of the company's stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Tri Pointe Homes

Institutional investors have recently modified their holdings of the business. Summit Securities Group LLC acquired a new position in shares of Tri Pointe Homes in the 4th quarter valued at $27,000. Harbor Capital Advisors Inc. increased its stake in Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company's stock valued at $38,000 after buying an additional 345 shares during the period. Fulcrum Asset Management LLP acquired a new position in Tri Pointe Homes in the 3rd quarter valued at $44,000. Farther Finance Advisors LLC increased its stake in Tri Pointe Homes by 306.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company's stock valued at $47,000 after buying an additional 1,043 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in Tri Pointe Homes by 29.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,615 shares of the construction company's stock valued at $51,000 after buying an additional 367 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

About Tri Pointe Homes

Tri Pointe Homes, Inc NYSE: TPH is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company's operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.

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