Brokerages Set Tri Pointe Homes, Inc. (NYSE:TPH) PT at $46.75

Shares of Tri Pointe Homes, Inc. (NYSE:TPH) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $46.75.

Several analysts have recently weighed in on TPH shares. Oppenheimer lifted their target price on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their price target on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Zelman & Associates upgraded shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a research report on Tuesday, September 17th. Wedbush restated a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Finally, Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th.

Insiders Place Their Bets

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the completion of the transaction, the chief financial officer now directly owns 149,108 shares in the company, valued at $6,882,825.28. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

Hedge funds have recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in shares of Tri Pointe Homes in the 4th quarter valued at approximately $3,135,000. BNP Paribas Financial Markets raised its position in shares of Tri Pointe Homes by 132.8% in the 1st quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock valued at $4,730,000 after acquiring an additional 69,789 shares during the period. UniSuper Management Pty Ltd bought a new stake in Tri Pointe Homes during the 1st quarter worth approximately $834,000. State Board of Administration of Florida Retirement System increased its stake in Tri Pointe Homes by 64.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company’s stock worth $3,219,000 after purchasing an additional 32,717 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Tri Pointe Homes by 3,110.4% during the 2nd quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock worth $4,012,000 after purchasing an additional 104,355 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $45.01 on Friday. Tri Pointe Homes has a 1 year low of $24.18 and a 1 year high of $47.78. The firm’s fifty day simple moving average is $43.58 and its 200 day simple moving average is $39.76. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.21 billion, a PE ratio of 12.00, a PEG ratio of 0.74 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.16. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The business’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. On average, sell-side analysts anticipate that Tri Pointe Homes will post 4.68 EPS for the current year.

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.