Share on StockTwits

Equities research analysts at FBR Capital Markets dropped their price objective on shares of TRI Pointe Homes (NYSE:TPH) from $19.00 to $16.00 in a research note issued to investors on Wednesday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ target price would indicate a potential upside of 10.73% from the company’s current price.

Several other analysts have also recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.58.

In other TRI Pointe Homes news, Director Constance B. Moore acquired 20,000 shares of TRI Pointe Homes stock on the open market in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $13.41 per share, with a total value of $268,200.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of TRI Pointe Homes (NYSE:TPH) opened at 14.45 on Wednesday. TRI Pointe Homes has a 52 week low of $12.82 and a 52 week high of $20.29. The stock has a 50-day moving average of $14.35 and a 200-day moving average of $16.05. The company has a market cap of $2.331 billion and a P/E ratio of 19.22. TRI Pointe Homes also saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 6,908,403 shares, a drop of 29.7% from the July 15th total of 9,821,828 shares. Currently, 4.8% of the company’s shares are sold short. Based on an average daily volume of 2,290,983 shares, the days-to-cover ratio is currently 3.0 days.

TRI Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue 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.

Receive News & Ratings for TRI Pointe Homes LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Homes LLC and related companies with Analyst Ratings Network's FREE daily email newsletter.