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

Shares of Tri Pointe Homes Inc. (NYSE:TPH) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $42.50.

A number of analysts recently weighed in on the stock. Oppenheimer cut shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Weiss Ratings cut shares of Tri Pointe Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada raised their price target on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th.

Tri Pointe Homes Trading Up 0.0%

NYSE:TPH opened at $46.97 on Friday. The firm has a market capitalization of $4.00 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.37 and a beta of 1.16. The business has a 50 day simple moving average of $46.78 and a 200 day simple moving average of $39.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.15 and a quick ratio of 2.15. Tri Pointe Homes has a 12-month low of $28.72 and a 12-month high of $46.99.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Wednesday, April 29th. The construction company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). Tri Pointe Homes had a net margin of 5.77% and a return on equity of 6.24%. The company had revenue of $507.90 million during the quarter, compared to the consensus estimate of $495.67 million. During the same quarter in the previous year, the business posted $0.70 earnings per share. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. Equities research analysts predict that Tri Pointe Homes will post 2.64 EPS for the current year.

Institutional Trading of Tri Pointe Homes

Several large investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC increased its holdings in shares of Tri Pointe Homes by 17.7% during the third quarter. AE Wealth Management LLC now owns 410,836 shares of the construction company’s stock valued at $13,956,000 after purchasing an additional 61,918 shares during the period. JPMorgan Chase & Co. grew its position in Tri Pointe Homes by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,008,454 shares of the construction company’s stock valued at $34,257,000 after buying an additional 130,855 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Tri Pointe Homes in the 3rd quarter valued at about $1,089,000. Victory Capital Management Inc. increased its stake in Tri Pointe Homes by 11.4% during the 3rd quarter. Victory Capital Management Inc. now owns 815,037 shares of the construction company’s stock valued at $27,687,000 after buying an additional 83,166 shares during the period. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Tri Pointe Homes during the 3rd quarter worth about $7,207,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.