Tri Pointe Homes (NYSE:TPH) Shares Cross Above 50-Day Moving Average – Should You Sell?

Tri Pointe Homes Inc. (NYSE:TPH)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $45.26 and traded as high as $46.81. Tri Pointe Homes shares last traded at $46.7950, with a volume of 1,978,496 shares traded.

Analyst Upgrades and Downgrades

TPH has been the subject of a number of research analyst reports. Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 target price 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. Royal Bank Of Canada boosted their target price on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Finally, Citigroup initiated coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Tri Pointe Homes presently has a consensus rating of “Hold” and an average target price of $42.50.

Tri Pointe Homes Stock Performance

The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.63 and a current ratio of 2.63. The stock’s 50-day simple moving average is $45.72 and its two-hundred day simple moving average is $37.38.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $954.59 million during the quarter, compared to analyst estimates of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The firm’s revenue for the quarter was down 22.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. Analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In other news, Director Steven J. Gilbert sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the transaction, the director owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TPH. Summit Securities Group LLC acquired a new position in shares of Tri Pointe Homes during the fourth quarter valued at about $27,000. Harbor Capital Advisors Inc. raised its position in shares of 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 last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Tri Pointe Homes during the third quarter valued at about $44,000. Farther Finance Advisors LLC raised its position in shares of Tri Pointe Homes by 306.8% during the third quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $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 fourth 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 during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.