Tri Pointe Homes Inc. $TPH Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 52.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,080 shares of the construction company’s stock after selling 20,247 shares during the period. US Bancorp DE’s holdings in Tri Pointe Homes were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in Tri Pointe Homes by 353.2% in the second quarter. AQR Capital Management LLC now owns 687,307 shares of the construction company’s stock valued at $21,788,000 after acquiring an additional 535,640 shares during the period. AE Wealth Management LLC raised its position in shares of Tri Pointe Homes by 4,456.8% during the 2nd quarter. AE Wealth Management LLC now owns 348,918 shares of the construction company’s stock worth $11,148,000 after purchasing an additional 341,261 shares during the period. Boston Partners raised its position in shares of Tri Pointe Homes by 60.3% during the 2nd quarter. Boston Partners now owns 820,492 shares of the construction company’s stock worth $26,217,000 after purchasing an additional 308,751 shares during the period. M&G PLC bought a new stake in shares of Tri Pointe Homes in the 2nd quarter worth approximately $9,646,000. Finally, American Century Companies Inc. lifted its holdings in shares of Tri Pointe Homes by 13.3% in the 2nd quarter. American Century Companies Inc. now owns 2,502,818 shares of the construction company’s stock worth $79,965,000 after purchasing an additional 293,652 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Tri Pointe Homes

In related news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the sale, the director directly owned 30,330 shares in the company, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TPH. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Oppenheimer cut Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Royal Bank Of Canada boosted their price target on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Citizens Jmp started coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price target for the company. Finally, Citigroup began coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.50.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $46.37 on Monday. Tri Pointe Homes Inc. has a 12-month low of $27.90 and a 12-month high of $46.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. The business has a 50 day simple moving average of $37.97 and a 200 day simple moving average of $34.96.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The firm had revenue of $972.63 million for the quarter, compared to the consensus estimate of $917.86 million. During the same quarter in the previous year, the business earned $1.37 EPS. The firm’s revenue for the quarter was down 22.5% on a year-over-year basis. On average, equities research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes Company 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.