Sun Sep 15 10:54:59 UTC 2024: ## Tri Pointe Homes Sees Increased Institutional Interest and Positive Analyst Sentiment

**Sep 15th, 2024** – Tri Pointe Homes, Inc. (NYSE:TPH), a leading homebuilder in the United States, has witnessed growing interest from institutional investors and hedge funds in recent quarters. This positive trend was highlighted by a new investment from Choreo LLC, which purchased 16,296 shares of TPH stock valued at $593,000 in the second quarter.

Other institutional investors, including Fidelis Capital Partners LLC, Gradient Investments LLC, Evermay Wealth Management LLC, Assetmark Inc., and GAMMA Investing LLC, also added to or increased their stakes in the company during various quarters. In total, institutional investors currently own 97.01% of Tri Pointe Homes stock.

Analysts are also optimistic about the company’s future. Wedbush reiterated a “neutral” rating with a $42.00 target price, while Oppenheimer increased their target price from $46.00 to $54.00 and gave the company an “outperform” rating. Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating, and Royal Bank of Canada boosted their price target from $42.00 to $48.00, also giving the company an “outperform” rating.

Based on data from MarketBeat, Tri Pointe Homes has an average rating of “Buy” and a consensus price target of $48.00.

Despite positive sentiment, company insiders have recently sold shares. CFO Glenn J. Keeler sold 24,200 shares on July 29th, and General Counsel David Ch Lee sold 5,000 shares on September 13th.

Tri Pointe Homes last reported earnings on July 25th, exceeding analysts’ expectations with $1.25 EPS, up from $0.60 in the same quarter last year. Revenue also grew 38.3% year-over-year. Sell-side analysts forecast that Tri Pointe Homes will post 4.68 EPS for the current fiscal year.

**Overall, the combination of increased institutional interest, positive analyst sentiment, and strong earnings performance suggests a positive outlook for Tri Pointe Homes in the coming months.**

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