Tri Pointe Homes (NYSE:TPH) Downgraded by

Tri Pointe Homes (NYSE:TPHGet Rating) was downgraded by from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other equities research analysts have also recently weighed in on the company. B. Riley reduced their price objective on Tri Pointe Homes from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, April 6th. Zacks Investment Research raised Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Tri Pointe Homes has an average rating of “Hold” and an average target price of $26.00.

Shares of TPH stock opened at $19.38 on Thursday. The stock’s fifty day moving average is $21.29 and its two-hundred day moving average is $23.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $2.08 billion, a P/E ratio of 4.74 and a beta of 1.51. Tri Pointe Homes has a fifty-two week low of $18.50 and a fifty-two week high of $28.28.

Tri Pointe Homes (NYSE:TPHGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.20. The firm had revenue of $725.30 million during the quarter, compared to the consensus estimate of $667.41 million. Tri Pointe Homes had a return on equity of 20.14% and a net margin of 11.80%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS. On average, equities analysts forecast that Tri Pointe Homes will post 4.98 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in TPH. Signaturefd LLC grew its position in shares of Tri Pointe Homes by 63.4% during the third quarter. Signaturefd LLC now owns 1,183 shares of the construction company’s stock worth $25,000 after acquiring an additional 459 shares during the last quarter. First Quadrant LLC CA acquired a new stake in Tri Pointe Homes in the 1st quarter valued at about $31,000. Wealth Quarterback LLC lifted its stake in Tri Pointe Homes by 65.5% during the third quarter. Wealth Quarterback LLC now owns 2,886 shares of the construction company’s stock valued at $37,000 after buying an additional 1,142 shares in the last quarter. James Investment Research Inc. purchased a new stake in Tri Pointe Homes during the fourth quarter valued at about $43,000. Finally, Neo Ivy Capital Management purchased a new stake in Tri Pointe Homes during the fourth quarter valued at about $118,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Tri Pointe Homes Company Profile (Get Rating)

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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