Tri Pointe Homes (NYSE:TPH) Releases Earnings Results, Beats Estimates By $0.02 EPS

Tri Pointe Homes (NYSE:TPH) posted its quarterly earnings results on Wednesday. The construction company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02, FiscalAI reports. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The firm had revenue of $972.63 million during the quarter, compared to the consensus estimate of $917.86 million. During the same period last year, the company earned $1.37 earnings per share. The business’s revenue was down 22.5% compared to the same quarter last year.

Tri Pointe Homes Trading Down 0.2%

Shares of Tri Pointe Homes stock opened at $46.30 on Friday. The company has a current ratio of 2.63, a quick ratio of 2.01 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $36.24 and a 200 day simple moving average of $34.46. Tri Pointe Homes has a 12-month low of $27.90 and a 12-month high of $46.62. The company has a market capitalization of $3.98 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.39.

Wall Street Analyst Weigh In

TPH has been the topic of several research reports. Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target on the stock. Citigroup assumed coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Oppenheimer downgraded shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Royal Bank Of Canada boosted their price objective on 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tri Pointe Homes presently has an average rating of “Hold” and an average target price of $42.50.

Insider Buying and Selling at Tri Pointe Homes

In related news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Tri Pointe Homes

Hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC boosted its holdings in Tri Pointe Homes by 3.5% during the 4th quarter. Lido Advisors LLC now owns 9,751 shares of the construction company’s stock valued at $326,000 after acquiring an additional 327 shares during the period. Amundi lifted its stake in shares of Tri Pointe Homes by 2.8% in the 3rd quarter. Amundi now owns 15,548 shares of the construction company’s stock valued at $527,000 after purchasing an additional 419 shares during the period. Merit Financial Group LLC lifted its position in Tri Pointe Homes by 5.0% during the 3rd quarter. Merit Financial Group LLC now owns 8,795 shares of the construction company’s stock valued at $299,000 after acquiring an additional 421 shares during the period. Illinois Municipal Retirement Fund increased its position in Tri Pointe Homes by 1.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 48,370 shares of the construction company’s stock valued at $1,522,000 after buying an additional 521 shares in the last quarter. Finally, Vident Advisory LLC grew its position in Tri Pointe Homes by 2.1% during the 4th quarter. Vident Advisory LLC now owns 26,010 shares of the construction company’s stock valued at $819,000 after purchasing an additional 526 shares during the last quarter. 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.