Brokerages Set Tri Pointe Homes Inc. (NYSE:TPH) Price Target at $42.50
by Tristan Rich · The Markets DailyShares of Tri Pointe Homes Inc. (NYSE:TPH – Get Free Report) have been given an average rating of “Hold” by the eight research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.50.
Several brokerages recently commented on TPH. Royal Bank Of Canada boosted their price objective 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. Citigroup began coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Oppenheimer lowered shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Finally, Citizens Jmp assumed coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective on the stock.
Check Out Our Latest Research Report on Tri Pointe Homes
Insiders Place Their Bets
In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares in the company, valued at $1,405,188.90. This represents a 62.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Summit Securities Group LLC purchased a new stake in Tri Pointe Homes in the fourth quarter valued at approximately $27,000. Harbor Capital Advisors Inc. grew its stake in Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after buying an additional 345 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Tri Pointe Homes in the 3rd quarter worth $44,000. Farther Finance Advisors LLC increased its holdings in shares of Tri Pointe Homes by 306.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after buying an additional 1,043 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Tri Pointe Homes by 29.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,615 shares of the construction company’s stock valued at $51,000 after buying an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Tri Pointe Homes Stock Up 0.1%
Shares of NYSE TPH opened at $46.72 on Thursday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.98 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.39 and a beta of 1.34. Tri Pointe Homes has a 52 week low of $27.90 and a 52 week high of $46.76. The business has a 50-day simple moving average of $41.98 and a two-hundred day simple moving average of $36.11.
Tri Pointe Homes (NYSE:TPH – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The firm had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s revenue was down 22.5% on a year-over-year basis. Research analysts anticipate that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.
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.