Tri Pointe Homes (NYSE:TPH) Reaches New 52-Week Low – Should You Sell?

Tri Pointe Homes, Inc. (NYSE:TPH) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $33.03 and last traded at $33.62, with a volume of 141128 shares. The stock had previously closed at $36.22.

Analyst Ratings Changes

TPH has been the subject of a number of research analyst reports. Oppenheimer cut their target price on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday. Wedbush reiterated a “neutral” rating and issued a $38.00 target price (down previously from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday. Evercore ISI cut their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday. StockNews.com cut shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada cut shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $41.00 to $37.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.60.

Tri Pointe Homes Trading Up 1.3 %

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 0.52 and a beta of 1.64. The business’s fifty day moving average is $36.50 and its two-hundred day moving average is $40.70.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.56%. Equities analysts anticipate that Tri Pointe Homes, Inc. will post 4.8 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its board has approved a share repurchase program on Wednesday, December 18th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of Tri Pointe Homes stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the completion of the sale, the chief operating officer now owns 708,159 shares of the company’s stock, valued at approximately $27,724,424.85. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Tri Pointe Homes

A number of institutional investors have recently bought and sold shares of TPH. CWM LLC boosted its position in shares of Tri Pointe Homes by 39.3% during the third quarter. CWM LLC now owns 3,092 shares of the construction company’s stock worth $140,000 after purchasing an additional 872 shares in the last quarter. Creative Planning boosted its position in shares of Tri Pointe Homes by 39.3% during the third quarter. Creative Planning now owns 18,813 shares of the construction company’s stock worth $852,000 after purchasing an additional 5,310 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Tri Pointe Homes by 33.5% during the third quarter. Blue Trust Inc. now owns 2,368 shares of the construction company’s stock worth $107,000 after purchasing an additional 594 shares in the last quarter. Raymond James & Associates boosted its position in shares of Tri Pointe Homes by 19.2% during the third quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock worth $9,450,000 after purchasing an additional 33,629 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Tri Pointe Homes during the third quarter worth $259,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Company Profile

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.