Tri Pointe Homes, Inc. (NYSE:TPH) Receives $40.60 Average Price Target from Analysts

Tri Pointe Homes, Inc. (NYSE:TPH) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $40.60.

TPH has been the subject of a number of analyst reports. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Wedbush reiterated a “neutral” rating and issued a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Evercore ISI reduced their price target 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. Finally, StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

Tri Pointe Homes Trading Up 0.2 %

Shares of NYSE:TPH opened at $29.17 on Thursday. Tri Pointe Homes has a 12-month low of $27.90 and a 12-month high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.68 billion, a P/E ratio of 6.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The firm has a fifty day moving average of $32.24 and a two-hundred day moving average of $37.56.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. On average, equities analysts expect that Tri Pointe Homes will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes declared that its board has approved a share repurchase program on Wednesday, December 18th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Tri Pointe Homes

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. O Keefe Stevens Advisory Inc. grew its holdings in shares of Tri Pointe Homes by 3.9% during the 1st quarter. O Keefe Stevens Advisory Inc. now owns 248,584 shares of the construction company’s stock worth $7,935,000 after purchasing an additional 9,398 shares in the last quarter. GAMMA Investing LLC lifted its position in Tri Pointe Homes by 3,491.2% in the first quarter. GAMMA Investing LLC now owns 63,457 shares of the construction company’s stock worth $1,988,000 after purchasing an additional 61,690 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Tri Pointe Homes during the fourth quarter worth $6,380,000. Mackenzie Financial Corp lifted its holdings in shares of Tri Pointe Homes by 129.1% during the 4th quarter. Mackenzie Financial Corp now owns 51,968 shares of the construction company’s stock worth $1,884,000 after acquiring an additional 29,281 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of Tri Pointe Homes during the 4th quarter valued at about $1,642,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Company Profile

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.