Weiss Ratings Reaffirms Hold (C+) Rating for Tri Pointe Homes (NYSE:TPH)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Tri Pointe Homes (NYSE:TPH), indicating stability in investor sentiment despite recent fluctuations in stock ratings from other analysts.
• Tri Pointe Homes reported $0.77 earnings per share (EPS), exceeding expectations but down 22.3% year-over-year, alongside a revenue of $884.01 million for the last quarter.
• The company's board approved a $50 million share buyback program, a move typically signaling management's belief that the stock is undervalued.

Tri Pointe Homes (NYSE:TPH - Get Free Report)'s stock had its "hold (c+)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research firms also recently issued reports on TPH. Wolfe Research downgraded Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research note on Sunday, July 27th. Wall Street Zen upgraded Tri Pointe Homes from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Wedbush restated an "outperform" rating and set a $43.00 price target on shares of Tri Pointe Homes in a research note on Friday, July 25th. Finally, Evercore ISI reiterated an "in-line" rating and set a $34.00 price objective (down from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.25.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock traded down $0.07 during trading hours on Wednesday, reaching $32.30. 1,016,253 shares of the stock traded hands, compared to its average volume of 1,026,215. The company has a 50 day moving average price of $34.42 and a 200 day moving average price of $32.37. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 0.92 and a beta of 1.30. Tri Pointe Homes has a one year low of $27.90 and a one year high of $46.91. 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 (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.11. The business had revenue of $884.01 million during the quarter, compared to the consensus estimate of $810.77 million. Tri Pointe Homes had a return on equity of 11.33% and a net margin of 9.22%.The business's quarterly revenue was down 22.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. On average, equities research analysts expect that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has approved a share buyback program on Thursday, July 24th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TPH. Hantz Financial Services Inc. raised its holdings in shares of 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 acquiring an additional 1,835 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 worth $67,000 after acquiring an additional 757 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Tri Pointe Homes by 104.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company's stock worth $69,000 after acquiring an additional 1,100 shares in the last quarter. GAMMA Investing LLC raised its holdings in Tri Pointe Homes by 19.6% during 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 period. Finally, Blue Trust Inc. raised its holdings in Tri Pointe Homes by 16.6% during the 2nd quarter. Blue Trust Inc. now owns 2,982 shares of the construction company's stock valued at $95,000 after buying an additional 424 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.

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