Tri Pointe Homes (NYSE:TPH) PT Lowered to $53.00 at Oppenheimer

Tri Pointe Homes (NYSE:TPH) had its price objective cut by Oppenheimer from $56.00 to $53.00 in a report issued on Friday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada increased their price target on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a report on Tuesday, September 17th. Wedbush reissued a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday. Finally, Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.75.

Tri Pointe Homes Trading Down 1.1 %

Shares of Tri Pointe Homes stock traded down $0.45 on Friday, hitting $40.28. The stock had a trading volume of 1,078,931 shares, compared to its average volume of 904,663. The stock has a 50 day moving average of $43.98 and a 200 day moving average of $40.83. Tri Pointe Homes has a twelve month low of $24.18 and a twelve month high of $47.78. The firm has a market capitalization of $3.77 billion, a P/E ratio of 9.15, a PEG ratio of 0.70 and a beta of 1.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. Sell-side analysts expect that Tri Pointe Homes will post 4.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In other news, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the transaction, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at $6,882,825.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Glenn J. Keeler sold 24,200 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the sale, the chief financial officer now owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of Tri Pointe Homes by 94.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,407 shares of the construction company’s stock worth $262,000 after purchasing an additional 3,588 shares during the period. Oliver Luxxe Assets LLC raised its holdings in shares of Tri Pointe Homes by 1.2% in the 1st quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock valued at $1,137,000 after acquiring an additional 354 shares in the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of Tri Pointe Homes during the 1st quarter valued at about $200,000. BNP Paribas Financial Markets grew its holdings in shares of Tri Pointe Homes by 132.8% during the first quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock worth $4,730,000 after purchasing an additional 69,789 shares in the last quarter. Finally, Capstone Investment Advisors LLC increased its position in shares of Tri Pointe Homes by 10.9% in the first quarter. Capstone Investment Advisors LLC now owns 15,786 shares of the construction company’s stock worth $610,000 after purchasing an additional 1,548 shares during the last quarter. 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.