Tri Pointe Homes (NYSE:TPH) Upgraded at Wedbush

Wedbush upgraded shares of Tri Pointe Homes (NYSE:TPH - Free Report) from a neutral rating to an outperform rating in a report released on Monday, MarketBeat Ratings reports. The firm currently has $43.00 price target on the construction company's stock, up from their previous price target of $38.00. Wedbush also issued estimates for Tri Pointe Homes' Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $3.13 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $0.93 EPS, Q4 2026 earnings at $1.40 EPS and FY2026 earnings at $3.50 EPS.

Other research analysts have also issued reports about the company. Oppenheimer lowered their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Evercore ISI dropped their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tri Pointe Homes has an average rating of "Moderate Buy" and a consensus target price of $41.60.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH traded up $0.58 during midday trading on Monday, hitting $31.49. The company had a trading volume of 1,175,870 shares, compared to its average volume of 877,061. Tri Pointe Homes has a twelve month low of $27.90 and a twelve month high of $47.78. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The business's 50-day simple moving average is $31.04 and its 200-day simple moving average is $36.14.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.25. The firm had revenue of $720.79 million during the quarter, compared to analysts' expectations of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. Tri Pointe Homes's revenue was down 21.5% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. On average, research analysts predict that Tri Pointe Homes will post 3.58 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $30.15, for a total value of $3,626,653.05. Following the transaction, the chief executive officer now owns 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company's stock.

Institutional Trading of Tri Pointe Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Tri Pointe Homes by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock valued at $419,666,000 after acquiring an additional 143,365 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Tri Pointe Homes during the fourth quarter worth about $118,407,000. Geode Capital Management LLC boosted its holdings in shares of Tri Pointe Homes by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock valued at $91,748,000 after purchasing an additional 44,160 shares during the last quarter. GW&K Investment Management LLC lifted its stake in shares of Tri Pointe Homes by 5.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after purchasing an additional 102,187 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Tri Pointe Homes by 14.0% in the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock valued at $70,579,000 after acquiring an additional 238,807 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

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.