Analysts Set Tri Pointe Homes Inc. (NYSE:TPH) Price Target at $39.25

Shares of Tri Pointe Homes Inc. (NYSE:TPH) have been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $39.25.

Several brokerages have weighed in on TPH. Evercore ISI reissued an “in-line” rating and set a $34.00 price objective (down from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th.

Hedge Funds Weigh In On Tri Pointe Homes

A number of large investors have recently made changes to their positions in the company. AE Wealth Management LLC raised its holdings in shares of Tri Pointe Homes by 4,456.8% in the second quarter. AE Wealth Management LLC now owns 348,918 shares of the construction company’s stock worth $11,148,000 after buying an additional 341,261 shares during the period. HighTower Advisors LLC boosted its holdings in Tri Pointe Homes by 31.5% during the 1st quarter. HighTower Advisors LLC now owns 201,374 shares of the construction company’s stock valued at $6,428,000 after acquiring an additional 48,241 shares during the period. Ieq Capital LLC bought a new position in Tri Pointe Homes in the 1st quarter valued at $395,000. Jump Financial LLC purchased a new stake in Tri Pointe Homes in the first quarter worth $1,261,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Tri Pointe Homes in the second quarter worth $505,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Price Performance

TPH stock opened at $32.98 on Tuesday. Tri Pointe Homes has a 52 week low of $27.90 and a 52 week high of $38.96. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $32.51 and a two-hundred day simple moving average of $33.00. The firm has a market capitalization of $2.83 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 0.85 and a beta of 1.33.

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