Tri Pointe Homes (NYSE:TPH) Reaches New 12-Month High at $46.71

Tri Pointe Homes, Inc. (NYSE:TPH)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $46.71 and last traded at $46.66, with a volume of 306536 shares trading hands. The stock had previously closed at $45.62.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TPH shares. Oppenheimer raised their price objective on Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday. Finally, Royal Bank of Canada lifted their target price on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Tri Pointe Homes Stock Down 0.2 %

The stock has a 50 day moving average price of $39.02 and a 200 day moving average price of $37.03. The company has a market capitalization of $4.30 billion, a P/E ratio of 12.09, a PEG ratio of 0.80 and a beta of 1.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.99 and a current ratio of 1.99.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, topping 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 quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts forecast that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas F. Bauer sold 56,567 shares of Tri Pointe Homes stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.78, for a total value of $2,250,235.26. Following the completion of the sale, the chief executive officer now owns 677,816 shares of the company’s stock, valued at approximately $26,963,520.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tri Pointe Homes

Hedge funds have recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new stake in Tri Pointe Homes in the 1st quarter worth approximately $25,000. Gradient Investments LLC purchased a new stake in Tri Pointe Homes in the 2nd quarter worth approximately $30,000. Daiwa Securities Group Inc. purchased a new stake in Tri Pointe Homes in the 4th quarter worth approximately $35,000. Evermay Wealth Management LLC purchased a new stake in Tri Pointe Homes in the 4th quarter worth approximately $35,000. Finally, GAMMA Investing LLC purchased a new stake in Tri Pointe Homes in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.