Tri Pointe Homes, Inc. (NYSE:TPH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $40.60.

A number of equities research analysts have recently issued reports on TPH shares. Royal Bank of Canada increased their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Oppenheimer lifted their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. StockNews.com raised shares of Tri Pointe Homes from a "hold" rating to a "buy" rating in a research note on Friday, April 26th. Finally, Wedbush reissued a "neutral" rating and issued a $35.00 target price on shares of Tri Pointe Homes in a research note on Thursday, April 25th.

Get Our Latest Report on Tri Pointe Homes

Tri Pointe Homes Trading Down 1.7 %

NYSE:TPH opened at $39.90 on Friday. The company has a market cap of $3.79 billion, a PE ratio of 10.64, a PEG ratio of 0.68 and a beta of 1.54. Tri Pointe Homes has a one year low of $24.18 and a one year high of $40.98. The firm has a 50-day moving average of $36.83 and a 200-day moving average of $34.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.99.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The company had revenue of $918.40 million during the quarter, compared to analyst estimates of $867.77 million. During the same period in the prior year, the company posted $0.73 earnings per share. Tri Pointe Homes's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that Tri Pointe Homes will post 4.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 56,567 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the transaction, the chief executive officer now directly owns 677,816 shares in the company, valued at approximately $26,963,520.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the sale, the chief operating officer now owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas F. Bauer sold 56,567 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the transaction, the chief executive officer now directly owns 677,816 shares of the company's stock, valued at $26,963,520.48. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tri Pointe Homes

A number of large investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC purchased a new position in shares of Tri Pointe Homes in the 1st quarter valued at about $25,000. Daiwa Securities Group Inc. acquired a new stake in Tri Pointe Homes in the fourth quarter valued at about $35,000. Evermay Wealth Management LLC purchased a new stake in shares of Tri Pointe Homes in the fourth quarter valued at approximately $35,000. GAMMA Investing LLC acquired a new stake in shares of Tri Pointe Homes in the fourth quarter valued at about $41,000. Finally, Assetmark Inc. boosted its stake in shares of Tri Pointe Homes by 29,825.0% during the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company's stock worth $42,000 after acquiring an additional 1,193 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

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