Captrust Financial Advisors raised its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH – Free Report) by 27.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,931 shares of the construction company’s stock after purchasing an additional 1,499 shares during the quarter. Captrust Financial Advisors’ holdings in Tri Pointe Homes were worth $314,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in TPH. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes during the second quarter worth $30,000. Reston Wealth Management LLC acquired a new stake in Tri Pointe Homes during the 3rd quarter worth about $45,000. Blue Trust Inc. grew its holdings in Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after acquiring an additional 427 shares during the period. CWM LLC raised its position in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after acquiring an additional 920 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Tri Pointe Homes by 123.3% in the 2nd quarter. Quarry LP now owns 2,401 shares of the construction company’s stock valued at $89,000 after purchasing an additional 1,326 shares during the period. Institutional investors own 97.01% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price for the company in a report on Tuesday, September 17th. Royal Bank of Canada lowered their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Oppenheimer cut their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.75.
Read Our Latest Stock Analysis on Tri Pointe Homes
Tri Pointe Homes Stock Performance
NYSE TPH opened at $39.03 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $42.49 and a 200 day simple moving average of $41.86. Tri Pointe Homes, Inc. has a 12-month low of $32.63 and a 12-month high of $47.78. The company has a market cap of $3.65 billion, a P/E ratio of 8.10, a PEG ratio of 0.64 and a beta of 1.60.
Tri Pointe Homes (NYSE:TPH – Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. Sell-side analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.
Tri Pointe Homes Company Profile
(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.
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