Tri Pointe Homes Inc. (NYSE:TPH) Given Consensus Rating of “Hold” by Brokerages

Tri Pointe Homes Inc. (NYSE:TPH) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $42.50.

A number of equities research analysts have recently weighed in on TPH shares. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 target price on the stock. Royal Bank Of Canada lifted their target price on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Finally, Citigroup began coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating for the company.

Insider Activity

In related news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the transaction, the director owned 30,330 shares in the company, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Tri Pointe Homes

Institutional investors and hedge funds have recently bought and sold shares of the business. Lido Advisors LLC boosted its stake in shares of Tri Pointe Homes by 3.5% in the fourth quarter. Lido Advisors LLC now owns 9,751 shares of the construction company’s stock worth $326,000 after buying an additional 327 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after acquiring an additional 345 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Tri Pointe Homes by 0.6% in the third quarter. Federated Hermes Inc. now owns 63,082 shares of the construction company’s stock valued at $2,143,000 after acquiring an additional 373 shares during the period. Coldstream Capital Management Inc. boosted its position in Tri Pointe Homes by 3.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 10,507 shares of the construction company’s stock worth $331,000 after purchasing an additional 394 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after purchasing an additional 401 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock opened at $46.31 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.01 and a current ratio of 2.63. Tri Pointe Homes has a 52-week low of $27.90 and a 52-week high of $46.62. The company has a fifty day moving average of $36.53 and a 200-day moving average of $34.56. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.39.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The business had revenue of $972.63 million during the quarter, compared to the consensus estimate of $917.86 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was down 22.5% on a year-over-year basis. Equities research analysts expect that Tri Pointe Homes will post 3.58 EPS for the current year.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.