Tri Pointe Homes (NYSE:TPH) Shares Down 11.1%

Shares of Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) were down 11.1% during trading on Thursday . The company traded as low as $15.82 and last traded at $15.82. Approximately 41,403 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 1,614,750 shares. The stock had previously closed at $17.80.

TPH has been the subject of several recent research reports. B. Riley lowered Tri Pointe Homes from a “buy” rating to a “neutral” rating and lowered their target price for the company from $26.00 to $20.00 in a report on Thursday. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, June 10th.

The company has a market capitalization of $1.63 billion, a P/E ratio of 3.71 and a beta of 1.39. The company has a fifty day moving average price of $20.26 and a 200 day moving average price of $22.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.93.

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 $0.56 by $0.25. Tri Pointe Homes had a return on equity of 20.48% and a net margin of 12.19%. The business had revenue of $725.30 million during the quarter, compared to analyst estimates of $667.41 million. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that Tri Pointe Homes, Inc. will post 5.31 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in Tri Pointe Homes by 3.1% in the first quarter. Bank of America Corp DE now owns 1,263,959 shares of the construction company’s stock worth $25,381,000 after purchasing an additional 37,768 shares during the period. Jane Street Group LLC acquired a new stake in Tri Pointe Homes in the first quarter worth approximately $1,096,000. Point72 Hong Kong Ltd acquired a new stake in Tri Pointe Homes in the first quarter worth approximately $45,000. Quantbot Technologies LP acquired a new stake in Tri Pointe Homes in the first quarter worth approximately $948,000. Finally, Dean Capital Management lifted its position in Tri Pointe Homes by 31.9% in the first quarter. Dean Capital Management now owns 154,509 shares of the construction company’s stock worth $3,103,000 after purchasing an additional 37,343 shares during the period. 98.98% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Company Profile (NYSE:TPH)

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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