Tri Pointe Homes (NYSE:TPH) Given Neutral Rating at Wedbush

Wedbush reissued their neutral rating on shares of Tri Pointe Homes (NYSE:TPH) in a research note released on Thursday, Benzinga reports. They currently have a $42.00 price target on the construction company’s stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Tri Pointe Homes from a hold rating to a buy rating in a research report on Friday, April 26th. Royal Bank of Canada raised their price objective on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an outperform rating in a research note on Friday, April 26th. Finally, Oppenheimer increased their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an outperform rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $42.00.

Tri Pointe Homes Trading Down 0.2 %

TPH opened at $45.32 on Thursday. Tri Pointe Homes has a fifty-two week low of $24.18 and a fifty-two week high of $47.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.78 and a beta of 1.59. The company’s 50 day moving average price is $39.02 and its two-hundred day moving average price is $37.03.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.22. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. As a group, research analysts predict that Tri Pointe Homes will post 4.49 earnings per share for the current year.

Insider Activity

In related news, CEO Douglas F. Bauer sold 56,567 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the completion of the sale, the chief executive officer now owns 677,816 shares in the company, valued at $26,963,520.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Tri Pointe Homes

A number of large investors have recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC increased its holdings in Tri Pointe Homes by 1.2% during the first quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock worth $1,137,000 after buying an additional 354 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Tri Pointe Homes by 1.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock worth $959,000 after purchasing an additional 376 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Tri Pointe Homes by 31.7% in the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Tri Pointe Homes by 21.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,748 shares of the construction company’s stock worth $97,000 after purchasing an additional 487 shares in the last quarter. Finally, Diversified Trust Co increased its stake in shares of Tri Pointe Homes by 4.2% in the second quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock worth $496,000 after purchasing an additional 536 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.