Tri Pointe Homes (NYSE:TPH) Share Price Crosses Below Two Hundred Day Moving Average of $19.23

Shares of Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.23 and traded as low as $16.07. Tri Pointe Homes shares last traded at $16.24, with a volume of 692,429 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com downgraded Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Saturday, June 18th. B. Riley downgraded Tri Pointe Homes from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $26.00 to $20.00 in a research note on Thursday, June 16th. Finally, Wells Fargo & Company lowered their price objective on Tri Pointe Homes from $22.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, June 17th.

Tri Pointe Homes Stock Down 1.7 %

The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.65 billion, a PE ratio of 3.50 and a beta of 1.43. The stock has a 50-day moving average of $17.89 and a 200 day moving average of $19.23.

Tri Pointe Homes (NYSE:TPHGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The construction company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.21. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $998.10 million. Tri Pointe Homes had a return on equity of 20.80% and a net margin of 12.70%. Tri Pointe Homes’s revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $1.00 earnings per share. Sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 4.65 EPS for the current year.

Hedge Funds Weigh In On Tri Pointe Homes

Institutional investors and hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its holdings in Tri Pointe Homes by 36.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 89,346 shares of the construction company’s stock valued at $1,848,000 after purchasing an additional 23,946 shares during the period. Mutual of America Capital Management LLC grew its holdings in Tri Pointe Homes by 1.9% during the first quarter. Mutual of America Capital Management LLC now owns 101,361 shares of the construction company’s stock valued at $2,035,000 after purchasing an additional 1,912 shares during the period. SG Americas Securities LLC grew its holdings in Tri Pointe Homes by 24.2% during the first quarter. SG Americas Securities LLC now owns 33,944 shares of the construction company’s stock valued at $682,000 after purchasing an additional 6,609 shares during the period. Jennison Associates LLC grew its holdings in Tri Pointe Homes by 80.8% during the first quarter. Jennison Associates LLC now owns 92,538 shares of the construction company’s stock valued at $1,858,000 after purchasing an additional 41,346 shares during the period. Finally, SummerHaven Investment Management LLC grew its holdings in Tri Pointe Homes by 4.6% during the first quarter. SummerHaven Investment Management LLC now owns 44,292 shares of the construction company’s stock valued at $889,000 after purchasing an additional 1,965 shares during the period. 99.96% of the stock is owned by institutional investors.

Tri Pointe Homes Company Profile

(Get Rating)

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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