Trade Report: Today, Brokerages Set Tri Pointe Homes Inc. (TPH) PT at $15.64

Today, Brokerages Set Tri Pointe Homes Inc. (TPH) PT at $15.64

Tri Pointe Homes Inc. (NYSE:TPH) has been assigned an average rating of “Buy” from the eleven brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.64.

Several equities research analysts recently weighed in on TPH shares. Evercore ISI started coverage on shares of Tri Pointe Homes in a research report on Monday, November 14th. They set a “buy” rating and a $14.00 price target for the company. Zacks Investment Research downgraded shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Wells Fargo & Co. started coverage on shares of Tri Pointe Homes in a research report on Wednesday, September 28th. They set a “market perform” rating for the company. Citigroup Inc. raised their price target on shares of Tri Pointe Homes from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Wedbush set a $17.00 price target on shares of Tri Pointe Homes and gave the company a “buy” rating in a research report on Wednesday, November 9th.

Shares of Tri Pointe Homes (NYSE:TPH) opened at 11.77 on Tuesday. Tri Pointe Homes has a 52-week low of $8.83 and a 52-week high of $14.38. The stock has a market cap of $1.88 billion, a P/E ratio of 8.55 and a beta of 1.70. The firm’s 50 day moving average price is $11.81 and its 200 day moving average price is $12.40.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $581.79 million for the quarter, compared to the consensus estimate of $558.61 million. Tri Pointe Homes had a net margin of 8.87% and a return on equity of 12.73%. Tri Pointe Homes’s revenue was down 10.2% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. On average, analysts expect that Tri Pointe Homes will post $1.22 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Tri Pointe Homes during the third quarter valued at $410,000. Ameritas Investment Partners Inc. boosted its position in shares of Tri Pointe Homes by 31.3% in the third quarter. Ameritas Investment Partners Inc. now owns 126,362 shares of the company’s stock valued at $1,665,000 after buying an additional 30,095 shares in the last quarter. PCJ Investment Counsel Ltd. boosted its position in shares of Tri Pointe Homes by 56.9% in the third quarter. PCJ Investment Counsel Ltd. now owns 102,000 shares of the company’s stock valued at $1,344,000 after buying an additional 37,000 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Tri Pointe Homes during the third quarter valued at $527,000. Finally, Eaton Vance Management boosted its position in shares of Tri Pointe Homes by 0.9% in the third quarter. Eaton Vance Management now owns 89,038 shares of the company’s stock valued at $1,173,000 after buying an additional 788 shares in the last quarter. Institutional investors and hedge funds own 99.03% of the company’s stock.

Tri Pointe Homes Company Profile

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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