Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.23 and traded as low as $16.07. Tri Pointe Homes shares last traded at $16.24, with a volume of 692,429 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have weighed in on TPH. StockNews.com lowered shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Saturday, June 18th. B. Riley downgraded shares of Tri Pointe Homes from a "buy" rating to a "neutral" rating and cut their price objective for the company from $26.00 to $20.00 in a research report on Thursday, June 16th. Finally, Wells Fargo & Company cut their price objective on shares of Tri Pointe Homes from $22.00 to $19.00 and set an "equal weight" rating for the company in a research report on Friday, June 17th.
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The business's 50-day moving average price is $17.89 and its 200-day moving average price is $19.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $1.65 billion, a P/E ratio of 3.50 and a beta of 1.43.
Tri Pointe Homes (NYSE:TPH – Get Rating) last issued its earnings results on Thursday, July 21st. The construction company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.21. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $998.10 million. Tri Pointe Homes had a net margin of 12.70% and a return on equity of 20.80%. Tri Pointe Homes's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. As a group, sell-side analysts expect that Tri Pointe Homes, Inc. will post 4.65 earnings per share for the current fiscal year.Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. First Quadrant LLC CA bought a new position in shares of Tri Pointe Homes during the 1st quarter valued at about $31,000. Signaturefd LLC raised its position in shares of Tri Pointe Homes by 77.7% during the 1st quarter. Signaturefd LLC now owns 1,928 shares of the construction company's stock valued at $39,000 after buying an additional 843 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Tri Pointe Homes during the 1st quarter valued at about $45,000. Captrust Financial Advisors raised its position in shares of Tri Pointe Homes by 30.4% during the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company's stock valued at $46,000 after buying an additional 531 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Tri Pointe Homes during the 1st quarter valued at about $110,000. Institutional investors own 99.96% of the company's stock.
About Tri Pointe Homes
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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 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, Virginia, and the District of Columbia.
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