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TRI Pointe Homes (NYSE:TPH) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 6,908,403 shares, a decrease of 29.7% from the July 15th total of 9,821,828 shares, American Banking and Market News reports. Based on an average daily volume of 2,290,983 shares, the short-interest ratio is currently 3.0 days. Approximately 4.8% of the shares of the company are sold short.

In other TRI Pointe Homes news, Director Constance B. Moore acquired 20,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $13.41 per share, with a total value of $268,200.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

TPH has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of TRI Pointe Homes in a research note on Monday, August 11th. They set a “buy” rating and a $15.50 price target on the stock. Analysts at Buckingham Research upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $20.00 price target on the stock, up previously from $19.00. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.08.

TRI Pointe Homes (NYSE:TPH) traded up 1.76% during mid-day trading on Tuesday, hitting $14.49. The stock had a trading volume of 712,708 shares. TRI Pointe Homes has a 52 week low of $12.82 and a 52 week high of $20.29. The stock’s 50-day moving average is $14.38 and its 200-day moving average is $16.07. The company has a market cap of $2.338 billion and a P/E ratio of 19.22.

TRI Pointe Homes (NYSE:TPH) last released its earnings data on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $87.34 million for the quarter, compared to the consensus estimate of $75.40 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 83.8% on a year-over-year basis. Analysts expect that TRI Pointe Homes will post $0.74 EPS for the current fiscal year.

Tri Pointe Homes, Inc, formerly TRI Pointe Homes, LLC is engaged in the design, construction and sale of single-family homes in planned communities in metropolitan areas located throughout Southern and Northern California.

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