1 day Ago By ABMN Staff
Tri Pointe Homes ( NYSE:TPH – Get Free Report ) was upgraded by investment analysts at Zelman & Associates from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has a $43.
00 price target on the construction company’s stock. Zelman & Associates’ price objective would indicate a potential downside of 3.93% from the company’s previous close.
A number of other research analysts also recently commented on the company. Wedbush reiterated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, July 25th.
Royal Bank of Canada lifted their price objective on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th.
Oppenheimer boosted their target price on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 26th.
Finally, Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.75. Read Our Latest Stock Report on Tri Pointe Homes Tri Pointe Homes Stock Down 0.
3 % Tri Pointe Homes ( NYSE:TPH – Get Free Report ) last posted its earnings results on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.
09 by $0.16. The company had revenue of $1.
13 billion for the quarter, compared to the consensus estimate of $1.07 billion. Tri Pointe Homes had a return on equity of 14.
03% and a net margin of 10.28%. The firm’s revenue for the quarter was up 38.
3% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share.
Analysts predict that Tri Pointe Homes will post 4.68 EPS for the current fiscal year. Insiders Place Their Bets In other news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction on Friday, September 13th.
The shares were sold at an average price of $44.28, for a total value of $221,400.00.
Following the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
In related news, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $46.
16, for a total transaction of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.
28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction on Friday, September 13th.
The shares were sold at an average price of $44.28, for a total value of $221,400.00.
Following the completion of the transaction, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. The disclosure for this sale can be found here .
2.00% of the stock is owned by insiders. Institutional Trading of Tri Pointe Homes Institutional investors and hedge funds have recently made changes to their positions in the business.
GW&K Investment Management LLC purchased a new position in Tri Pointe Homes in the 4th quarter worth about $24,389,000. Norges Bank purchased a new position in shares of Tri Pointe Homes during the fourth quarter worth approximately $22,862,000. Renaissance Technologies LLC increased its position in shares of Tri Pointe Homes by 1,417.
8% during the second quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company’s stock worth $16,529,000 after acquiring an additional 414,500 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Tri Pointe Homes by 149.
5% during the second quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company’s stock valued at $19,907,000 after acquiring an additional 320,221 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Tri Pointe Homes by 171.
3% in the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock valued at $11,352,000 after purchasing an additional 185,395 shares during the period. 97.
01% of the stock is currently owned by institutional investors. About Tri Pointe Homes ( Get Free Report ) 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.
See Also Receive News & Ratings for Tri Pointe Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri Pointe Homes and related companies with MarketBeat.com's FREE daily email newsletter ..
