Tri Pointe Homes (NYSE:TPH) Research Coverage Started at Citizens Jmp

Citizens Jmp began coverage on shares of Tri Pointe Homes (NYSE:TPH) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The firm issued a market outperform rating and a $46.00 price objective on the construction company’s stock.

A number of other research firms have also recently commented on TPH. Citigroup began coverage on shares of Tri Pointe Homes in a report on Wednesday. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Thursday, October 30th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $34.00 target price (down from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Tri Pointe Homes Trading Up 8.7%

Shares of NYSE TPH opened at $35.42 on Wednesday. Tri Pointe Homes has a fifty-two week low of $27.90 and a fifty-two week high of $38.96. 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 cap of $3.04 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.97 and a beta of 1.35. The business’s 50 day moving average price is $32.45 and its 200-day moving average price is $33.17.

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

Institutional Investors Weigh In On Tri Pointe Homes

Several hedge funds have recently modified their holdings of TPH. Harbor Capital Advisors Inc. increased its holdings in Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after buying an additional 345 shares during the period. Fulcrum Asset Management LLP bought a new stake in Tri Pointe Homes during the 3rd quarter valued at $44,000. Farther Finance Advisors LLC boosted its position in Tri Pointe Homes by 306.8% during 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 in the last quarter. Nisa Investment Advisors LLC increased its holdings 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. Finally, Hantz Financial Services Inc. raised 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 worth $61,000 after acquiring an additional 1,835 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Tri Pointe Homes

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.