Tri Pointe Homes Inc. (NYSE:TPH) – FBR & Co issued their Q3 2016 earnings per share estimates for shares of Tri Pointe Homes in a research report issued on Tuesday. FBR & Co analyst A. Rygiel forecasts that the brokerage will post earnings per share of $0.22 for the quarter. FBR & Co currently has a “Outperform” rating and a $17.00 target price on the stock. FBR & Co also issued estimates for Tri Pointe Homes’ Q4 2016 earnings at $0.39 EPS, FY2016 earnings at $1.24 EPS, Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.23 EPS, Q3 2017 earnings at $0.45 EPS, Q4 2017 earnings at $0.59 EPS and FY2017 earnings at $1.45 EPS.
A number of other research analysts have also commented on the company. Wedbush initiated coverage on Tri Pointe Homes in a report on Monday, September 19th. They set an “outperform” rating and a $17.00 price target on the stock. Zacks Investment Research raised Tri Pointe Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 19th. Wells Fargo & Co. began coverage on Tri Pointe Homes in a report on Wednesday. They set a “market perform” rating on the stock. TheStreet raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Citigroup Inc. lifted their target price on Tri Pointe Homes from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.79.
Tri Pointe Homes (NYSE:TPH) opened at 13.18 on Thursday. The firm has a market capitalization of $2.12 billion, a PE ratio of 8.97 and a beta of 1.61. Tri Pointe Homes has a 52 week low of $8.83 and a 52 week high of $14.60. The firm has a 50-day moving average of $13.24 and a 200 day moving average of $12.38.
Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.18. The company had revenue of $556.93 million for the quarter, compared to analysts’ expectations of $545.23 million. Tri Pointe Homes had a net margin of 9.23% and a return on equity of 14.02%. Tri Pointe Homes’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. Menta Capital LLC raised its position in Tri Pointe Homes by 29.3% in the first quarter. Menta Capital LLC now owns 105,400 shares of the company’s stock worth $1,242,000 after buying an additional 23,900 shares during the period. Shufro Rose & Co. LLC raised its position in Tri Pointe Homes by 9.4% in the first quarter. Shufro Rose & Co. LLC now owns 716,350 shares of the company’s stock worth $8,439,000 after buying an additional 61,550 shares during the period. Howard Hughes Medical Institute raised its position in Tri Pointe Homes by 4.9% in the first quarter. Howard Hughes Medical Institute now owns 30,927 shares of the company’s stock worth $364,000 after buying an additional 1,434 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Tri Pointe Homes by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,825,967 shares of the company’s stock worth $56,850,000 after buying an additional 25,992 shares during the period. Finally, BlackRock Group LTD raised its position in Tri Pointe Homes by 14.1% in the first quarter. BlackRock Group LTD now owns 158,067 shares of the company’s stock worth $1,863,000 after buying an additional 19,554 shares during the period. Institutional investors and hedge funds own 98.27% 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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