Tri Pointe Homes (NYSE:TPH) Stock Price Down 11.1%

Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) was down 11.1% during mid-day trading on Thursday . The company traded as low as $15.82 and last traded at $15.82. Approximately 41,403 shares changed hands 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 a number of recent analyst reports. B. Riley downgraded shares of Tri Pointe Homes from a “buy” rating to a “neutral” rating and decreased their target price for the company from $26.00 to $20.00 in a research report on Thursday. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday, June 10th.

The company has a market cap of $1.63 billion, a price-to-earnings ratio of 3.71 and a beta of 1.39. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $20.26 and its 200 day moving average price is $22.73.

Tri Pointe Homes (NYSE:TPHGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The construction company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.56 by $0.25. Tri Pointe Homes had a net margin of 12.19% and a return on equity of 20.48%. The company had revenue of $725.30 million during the quarter, compared to the consensus estimate of $667.41 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts forecast that Tri Pointe Homes, Inc. will post 5.31 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TPH. First Quadrant LLC CA acquired a new stake in Tri Pointe Homes in the 1st quarter valued at $31,000. Wealth Quarterback LLC grew its position in Tri Pointe Homes by 65.5% in the 3rd quarter. Wealth Quarterback LLC now owns 2,886 shares of the construction company’s stock valued at $37,000 after purchasing an additional 1,142 shares during the period. Signaturefd LLC lifted its stake in Tri Pointe Homes by 77.7% during the 1st quarter. Signaturefd LLC now owns 1,928 shares of the construction company’s stock valued at $39,000 after acquiring an additional 843 shares in the last quarter. James Investment Research Inc. bought a new position in Tri Pointe Homes during the 4th quarter valued at $43,000. Finally, Point72 Hong Kong Ltd bought a new position in Tri Pointe Homes during the 1st quarter valued at $45,000. 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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