Tri Pointe Homes Inc. $TPH Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 75.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 17,584 shares of the construction company’s stock after selling 53,812 shares during the period. Truist Financial Corp’s holdings in Tri Pointe Homes were worth $553,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Fulcrum Asset Management LLP purchased a new position in shares of Tri Pointe Homes in the third quarter worth about $44,000. Nisa Investment Advisors LLC raised its position in Tri Pointe Homes by 33.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after acquiring an additional 401 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Tri Pointe Homes by 35.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,876 shares of the construction company’s stock valued at $59,000 after buying an additional 493 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Tri Pointe Homes in the third quarter valued at approximately $64,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Tri Pointe Homes by 104.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock valued at $69,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TPH shares. Weiss Ratings cut Tri Pointe Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada upped their price target on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Tri Pointe Homes currently has an average rating of “Hold” and a consensus price target of $42.50.

Tri Pointe Homes Price Performance

TPH opened at $46.97 on Wednesday. The stock’s 50-day moving average price is $46.75 and its 200 day moving average price is $39.45. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.33. Tri Pointe Homes Inc. has a 12-month low of $28.72 and a 12-month high of $46.99. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.37 and a beta of 1.16.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.22). Tri Pointe Homes had a return on equity of 6.24% and a net margin of 5.77%.The company had revenue of $507.90 million for the quarter, compared to analysts’ expectations of $495.67 million. During the same quarter last year, the company earned $0.70 EPS. Tri Pointe Homes’s revenue for the quarter was down 29.7% compared to the same quarter last year. As a group, sell-side analysts expect that Tri Pointe Homes Inc. will post 2.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director owned 30,330 shares in the company, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.

Tri Pointe Homes Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.