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

Tri Pointe Homes Inc. (NYSE:TPH) has received a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $42.50.

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

Tri Pointe Homes Stock Up 0.1%

Shares of NYSE TPH opened at $46.73 on Thursday. Tri Pointe Homes has a one year low of $27.90 and a one year high of $46.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63. The firm’s 50 day simple moving average is $41.52 and its two-hundred day simple moving average is $35.96. The stock has a market capitalization of $3.98 billion, a P/E ratio of 17.18, a PEG ratio of 1.39 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS 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 firm had revenue of $972.63 million for the quarter, compared to the consensus estimate of $917.86 million. During the same period last year, the firm posted $1.37 earnings per share. The business’s revenue was down 22.5% compared to the same quarter last year. As a group, analysts expect that Tri Pointe Homes will post 3.58 EPS for the current fiscal year.

Insider Activity at Tri Pointe Homes

In other news, Director Steven J. Gilbert sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the transaction, the director directly owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its stake in Tri Pointe Homes by 29.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,615 shares of the construction company’s stock worth $51,000 after buying an additional 367 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Tri Pointe Homes during the 4th quarter valued at approximately $191,000. Vident Advisory LLC grew its holdings in shares of Tri Pointe Homes by 2.1% during the 4th quarter. Vident Advisory LLC now owns 26,010 shares of the construction company’s stock worth $819,000 after acquiring an additional 526 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Tri Pointe Homes during the 4th quarter worth approximately $553,000. Finally, Empowered Funds LLC raised its position in shares of Tri Pointe Homes by 35.6% in the 4th quarter. Empowered Funds LLC now owns 56,847 shares of the construction company’s stock worth $1,789,000 after acquiring an additional 14,915 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Tri Pointe Homes

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.