Tri Pointe Homes (NYSE:TPH) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Tri Pointe's stock crossed above its 200-day moving average, trading as high as $46.97 versus a 200‑day MA of $38.54, with about 2.06 million shares changing hands.
• Recent quarter missed expectations: TPH reported $0.08 EPS versus a $0.30 consensus and revenue of $507.9M, down 29.7% year‑over‑year.
• Analyst views are mixed and the average target is below the current price: the consensus rating is "Hold" with an average price target of $42.50 (three Buys, five Holds), though some firms have higher targets (Citigroup Outperform; RBC $47).

Tri Pointe Homes Inc. (NYSE:TPH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.54 and traded as high as $46.97. Tri Pointe Homes shares last traded at $46.9550, with a volume of 2,059,030 shares changing hands.

Wall Street Analyst Weigh In

TPH has been the topic of several research reports. Citigroup initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued 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. Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued a "market outperform" rating and a $46.00 target price on the stock. Royal Bank Of Canada raised their target price 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Tri Pointe Homes in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $42.50.

Tri Pointe Homes Stock Up 0.3%

The stock has a market capitalization of $4.00 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.36 and a beta of 1.16. The company's 50-day moving average price is $46.65 and its 200 day moving average price is $38.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.15 and a current ratio of 2.15.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.22). The company had revenue of $507.90 million during the quarter, compared to the consensus estimate of $495.67 million. Tri Pointe Homes had a net margin of 5.77% and a return on equity of 6.24%. The business's revenue was down 29.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. As a group, equities analysts expect that Tri Pointe Homes Inc. will post 2.64 earnings per share for the current year.

Insider Buying and Selling at Tri Pointe Homes

In related news, Director Steven J. Gilbert sold 50,000 shares of the company's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares in the company, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tri Pointe Homes

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Tri Pointe Homes by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,104,429 shares of the construction company's stock worth $192,108,000 after purchasing an additional 24,511 shares during the period. State Street Corp lifted its position in shares of Tri Pointe Homes by 1.0% in the 2nd quarter. State Street Corp now owns 4,556,255 shares of the construction company's stock worth $145,572,000 after purchasing an additional 44,574 shares during the period. American Century Companies Inc. lifted its position in shares of Tri Pointe Homes by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 2,755,767 shares of the construction company's stock worth $93,613,000 after purchasing an additional 252,949 shares during the period. Boston Partners lifted its position in shares of Tri Pointe Homes by 9.2% in the 4th quarter. Boston Partners now owns 1,170,244 shares of the construction company's stock worth $36,835,000 after purchasing an additional 98,261 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Tri Pointe Homes by 34.1% in the 3rd quarter. Bank of America Corp DE now owns 1,099,955 shares of the construction company's stock worth $37,365,000 after purchasing an additional 279,979 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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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