Analysts Set Tri Pointe Homes Inc. (NYSE:TPH) PT at $39.25

Tri Pointe Homes Inc. (NYSE:TPH) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Four investment 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $39.25.

A number of research firms have recently weighed in on TPH. Wolfe Research cut shares of Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a report on Sunday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Thursday. Evercore ISI restated an “in-line” rating and issued a $34.00 price target (down from $38.00) on shares of Tri Pointe Homes in a report on Tuesday, October 7th. Wall Street Zen upgraded shares of Tri Pointe Homes from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Wedbush restated an “outperform” rating and issued a $43.00 price target on shares of Tri Pointe Homes in a report on Friday, July 25th.

Institutional Trading of Tri Pointe Homes

A number of institutional investors have recently bought and sold shares of TPH. Harbor Capital Advisors Inc. increased its position in shares of 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 valued at $38,000 after acquiring an additional 345 shares during the period. Farther Finance Advisors LLC increased its position 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 valued at $47,000 after acquiring an additional 1,043 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after acquiring an additional 401 shares during the period. Hantz Financial Services Inc. increased its position in shares of Tri Pointe Homes by 2,659.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock valued at $61,000 after acquiring an additional 1,835 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Tri Pointe Homes by 56.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock valued at $67,000 after acquiring an additional 757 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Down 0.3%

NYSE TPH opened at $31.85 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30. The company’s 50-day simple moving average is $33.86 and its two-hundred day simple moving average is $32.57. Tri Pointe Homes has a one year low of $27.90 and a one year high of $45.28.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The business had revenue of $836.87 million for the quarter, compared to analysts’ expectations of $782.22 million. During the same period last year, the business earned $1.18 EPS. The company’s revenue was down 26.6% compared to the same quarter last year. Equities analysts forecast that Tri Pointe Homes will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its board has approved a share repurchase program on Thursday, July 24th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Tri Pointe Homes Company Profile

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.