Tri Pointe Homes Inc. (NYSE:TPH) Receives $39.40 Average PT from Analysts

Tri Pointe Homes Inc. (NYSE:TPH) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $39.40.

A number of research firms recently commented on TPH. Royal Bank Of Canada set a $31.00 price objective on shares of Tri Pointe Homes in a report on Friday, January 9th. Citizens Jmp began coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Thursday, October 30th. Citigroup began coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Evercore ISI reissued an “in-line” rating and issued a $34.00 target price (down previously from $38.00) on shares of Tri Pointe Homes in a report on Tuesday, October 7th.

Hedge Funds Weigh In On Tri Pointe Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC bought a new stake in shares of Tri Pointe Homes in the third quarter worth $1,398,000. AE Wealth Management LLC lifted its stake in Tri Pointe Homes by 4,456.8% during the second quarter. AE Wealth Management LLC now owns 348,918 shares of the construction company’s stock worth $11,148,000 after purchasing an additional 341,261 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Tri Pointe Homes in the second quarter worth $6,063,000. Aristides Capital LLC bought a new stake in Tri Pointe Homes during the second quarter valued at $250,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Tri Pointe Homes during the second quarter worth $505,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Trading Down 0.7%

NYSE:TPH opened at $35.25 on Friday. Tri Pointe Homes has a 1 year low of $27.90 and a 1 year 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 stock has a fifty day moving average price of $32.84 and a two-hundred day moving average price of $33.30. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.06 and a beta of 1.35.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, October 23rd. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.51 by $0.20. The company had revenue of $836.87 million for the quarter, compared to analyst estimates of $782.22 million. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The business’s revenue was down 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. As a group, sell-side analysts anticipate that Tri Pointe Homes will post 3.58 earnings per share for the current fiscal year.

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.