Tri Pointe Homes, Inc. (NYSE:TPH) Receives Average Recommendation of “Moderate Buy” from Analysts

Tri Pointe Homes, Inc. (NYSE:TPH) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $40.60.

Several equities analysts have recently issued reports on the company. Evercore ISI decreased their target price on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Wedbush reissued a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Oppenheimer reduced their target price on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th.

Insider Activity

In related news, COO Thomas J. Mitchell sold 77,384 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the sale, the chief operating officer now owns 708,159 shares of the company’s stock, valued at approximately $27,724,424.85. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Tri Pointe Homes

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Tri Pointe Homes by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company’s stock worth $419,666,000 after purchasing an additional 143,365 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Tri Pointe Homes during the 4th quarter worth about $118,407,000. Geode Capital Management LLC grew its holdings in shares of Tri Pointe Homes by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company’s stock valued at $91,748,000 after acquiring an additional 44,160 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of Tri Pointe Homes by 5.3% in the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company’s stock valued at $73,850,000 after acquiring an additional 102,187 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Tri Pointe Homes by 14.0% during the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company’s stock worth $70,579,000 after acquiring an additional 238,807 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Trading Up 1.2 %

TPH opened at $31.52 on Friday. Tri Pointe Homes has a fifty-two week low of $30.25 and a fifty-two week high of $47.78. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The firm has a 50 day simple moving average of $34.65 and a 200 day simple moving average of $39.46.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. On average, sell-side analysts anticipate that Tri Pointe Homes will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its board has initiated a stock buyback plan on Wednesday, December 18th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Tri Pointe Homes

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.