Tri Pointe Homes, Inc. (NYSE:TPH) Short Interest Up 19.9% in August

Tri Pointe Homes, Inc. (NYSE:TPH) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,130,000 shares, a growth of 19.9% from the August 15th total of 2,610,000 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 992,800 shares, the short-interest ratio is presently 3.2 days.

Insider Activity at Tri Pointe Homes

In other news, Director Lawrence B. Burrows sold 7,677 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $31.48, for a total value of $241,671.96. Following the completion of the sale, the director now owns 86,891 shares of the company’s stock, valued at $2,735,328.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Tri Pointe Homes

Institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in shares of Tri Pointe Homes by 0.9% in the 4th quarter. First Trust Advisors LP now owns 231,251 shares of the construction company’s stock valued at $4,299,000 after buying an additional 1,975 shares during the period. Acadian Asset Management LLC bought a new position in shares of Tri Pointe Homes during the first quarter valued at approximately $2,253,000. Barclays PLC raised its position in shares of Tri Pointe Homes by 3.9% during the 1st quarter. Barclays PLC now owns 175,772 shares of the construction company’s stock worth $4,451,000 after purchasing an additional 6,532 shares during the period. Pacer Advisors Inc. bought a new stake in shares of Tri Pointe Homes in the 1st quarter worth approximately $36,642,000. Finally, Oliver Luxxe Assets LLC boosted its position in Tri Pointe Homes by 2.9% during the 1st quarter. Oliver Luxxe Assets LLC now owns 33,133 shares of the construction company’s stock valued at $839,000 after purchasing an additional 941 shares during the period. Institutional investors own 97.59% of the company’s stock.

Tri Pointe Homes Stock Up 0.5 %

Tri Pointe Homes stock traded up $0.15 during midday trading on Monday, hitting $28.95. The stock had a trading volume of 602,086 shares, compared to its average volume of 1,017,497. The business has a fifty day moving average price of $31.22 and a 200 day moving average price of $29.26. Tri Pointe Homes has a 12 month low of $14.59 and a 12 month high of $34.04. The stock has a market cap of $2.87 billion, a P/E ratio of 6.08, a P/E/G ratio of 0.74 and a beta of 1.48. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.48.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The company had revenue of $819.08 million during the quarter, compared to analyst estimates of $703.67 million. Tri Pointe Homes had a return on equity of 17.37% and a net margin of 11.71%. Research analysts predict that Tri Pointe Homes will post 3.1 EPS for the current year.

Wall Street Analyst Weigh In

TPH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Tri Pointe Homes in a research note on Wednesday, May 31st. They set a “buy” rating and a $42.00 price objective on the stock. Oppenheimer upgraded shares of Tri Pointe Homes from a “market perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a report on Thursday, September 7th. Wedbush raised their target price on Tri Pointe Homes from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. StockNews.com started coverage on Tri Pointe Homes in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada increased their price target on Tri Pointe Homes from $29.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.50.

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.