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

Tri Pointe Homes, Inc. (NYSE:TPH) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $25.33.

TPH has been the topic of several research reports. Zelman & Associates upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Friday, July 23rd. B. Riley reiterated a “buy” rating and issued a $33.00 price objective (up from $31.00) on shares of Tri Pointe Homes in a research note on Friday, July 23rd. Royal Bank of Canada lowered Tri Pointe Homes from a “sector perform” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research note on Thursday, July 8th. Finally, Zacks Investment Research upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, July 14th.

TPH traded up $0.48 on Friday, hitting $22.75. 3,837,650 shares of the stock traded hands, compared to its average volume of 1,400,243. Tri Pointe Homes has a 52 week low of $16.14 and a 52 week high of $26.35. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.59 billion, a PE ratio of 7.29 and a beta of 1.47. The business has a fifty day moving average price of $22.85 and a two-hundred day moving average price of $22.38.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Thursday, July 22nd. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.18. Tri Pointe Homes had a return on equity of 17.21% and a net margin of 10.55%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $991.04 million. During the same period in the previous year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. On average, equities research analysts forecast that Tri Pointe Homes will post 3.62 EPS for the current fiscal year.

In other news, CEO Douglas F. Bauer sold 30,787 shares of the business’s stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $24.11, for a total value of $742,274.57. Following the transaction, the chief executive officer now directly owns 144,999 shares of the company’s stock, valued at approximately $3,495,925.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven J. Gilbert sold 6,592 shares of the business’s stock in a transaction that occurred on Thursday, August 12th. The stock was sold at an average price of $24.50, for a total value of $161,504.00. The disclosure for this sale can be found here. Insiders sold a total of 71,700 shares of company stock worth $1,739,726 over the last three months. 1.90% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Tri Pointe Homes by 1.4% during the 1st quarter. BlackRock Inc. now owns 16,389,446 shares of the construction company’s stock worth $333,689,000 after buying an additional 232,601 shares in the last quarter. American Century Companies Inc. lifted its holdings in Tri Pointe Homes by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 334,097 shares of the construction company’s stock worth $7,160,000 after buying an additional 42,914 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Tri Pointe Homes by 80.5% in the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 768,346 shares of the construction company’s stock valued at $15,644,000 after purchasing an additional 342,704 shares during the period. Factorial Partners LLC lifted its stake in shares of Tri Pointe Homes by 1,936.0% in the 1st quarter. Factorial Partners LLC now owns 1,003,748 shares of the construction company’s stock valued at $49,300,000 after purchasing an additional 954,448 shares during the period. Finally, Mirabella Financial Services LLP acquired a new position in shares of Tri Pointe Homes in the 1st quarter valued at $244,000. 97.87% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc designs constructs and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado; and Winchester Homes, consisting of operations in Maryland and Virginia.

Featured Story: Trading Options- What is a Strangle?

Analyst Recommendations for Tri Pointe Homes (NYSE:TPH)

Receive News & Ratings for Tri Pointe Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri Pointe Homes and related companies with MarketBeat.com's FREE daily email newsletter.