Tri Pointe Homes (NYSE:TPH) Shares Gap Up - What's Next?

Shares of Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $30.33, but opened at $31.16. Tri Pointe Homes shares last traded at $30.95, with a volume of 87,403 shares changing hands.

Analysts Set New Price Targets

TPH has been the topic of a number of recent research reports. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Evercore ISI dropped their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $38.00 to $43.00 in a research note on Monday. Finally, Oppenheimer reduced their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.60.

Tri Pointe Homes Trading Up 0.6 %

The business's 50-day simple moving average is $31.06 and its two-hundred day simple moving average is $36.24. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 0.67 and a beta of 1.44. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. During the same quarter last year, the firm earned $1.03 EPS. The firm's revenue for the quarter was down 21.5% on a year-over-year basis. Equities analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the sale, the chief executive officer now owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. This represents a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TPH. Covestor Ltd grew its stake in shares of Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after acquiring an additional 335 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after purchasing an additional 613 shares during the period. Assetmark Inc. grew its stake in Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after purchasing an additional 300 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Tri Pointe Homes by 729.5% during 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 during the period. Finally, Venturi Wealth Management LLC raised its position in Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds 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.