Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Fisher Asset Management LLC


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Fisher Asset Management LLC lessened its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 879,068 shares of the construction company’s stock after selling 42,000 shares during the quarter. Fisher Asset Management LLC owned about 0.74% of Tri Pointe Homes worth $17,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of Tri Pointe Homes by 227.7% in the 4th quarter. SG Americas Securities LLC now owns 89,424 shares of the construction company’s stock valued at $1,543,000 after purchasing an additional 62,139 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Tri Pointe Homes by 9.4% during the 4th quarter. Citigroup Inc. now owns 197,505 shares of the construction company’s stock valued at $3,407,000 after acquiring an additional 16,984 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Tri Pointe Homes by 53.1% during the 4th quarter. Schroder Investment Management Group now owns 591,040 shares of the construction company’s stock valued at $10,195,000 after acquiring an additional 205,112 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Tri Pointe Homes by 4.6% during the 4th quarter. Rhumbline Advisers now owns 432,071 shares of the construction company’s stock valued at $7,453,000 after acquiring an additional 18,966 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Tri Pointe Homes during the 4th quarter valued at $737,000.

In related news, CEO Douglas F. Bauer sold 62,974 shares of the stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $20.31, for a total transaction of $1,279,001.94. Following the completion of the sale, the chief executive officer now directly owns 138,583 shares of the company’s stock, valued at $2,814,620.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Glenn J. Keeler sold 13,169 shares of the stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $20.11, for a total transaction of $264,828.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,115 shares of company stock valued at $1,686,268. Company insiders own 1.80% of the company’s stock.

Several research firms recently weighed in on TPH. Royal Bank of Canada lowered shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $22.00 to $19.00 in a report on Friday, January 8th. Wells Fargo & Company assumed coverage on shares of Tri Pointe Homes in a research note on Wednesday, April 21st. They set an “equal weight” rating and a $23.00 price target on the stock. Wolfe Research assumed coverage on shares of Tri Pointe Homes in a research note on Monday, March 22nd. They set a “peer perform” rating on the stock. B. Riley lifted their price target on shares of Tri Pointe Homes from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, April 23rd. Finally, Zacks Investment Research raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, April 22nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.43.

Tri Pointe Homes stock opened at $24.47 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $21.59 and a two-hundred day moving average price of $19.23. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 11.49 and a beta of 1.59. Tri Pointe Homes, Inc. has a 52-week low of $10.03 and a 52-week high of $24.87.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Thursday, April 22nd. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.12. The company had revenue of $716.70 million during the quarter, compared to analyst estimates of $736.24 million. Tri Pointe Homes had a net margin of 8.54% and a return on equity of 13.70%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. Research analysts expect that Tri Pointe Homes, Inc. will post 1.98 earnings per share for the current year.

About Tri Pointe Homes

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, including 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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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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