Victory Capital Management Inc. Raises Position in Tri Pointe Homes Inc. $TPH

Victory Capital Management Inc. boosted its holdings in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 815,037 shares of the construction company’s stock after buying an additional 83,166 shares during the period. Victory Capital Management Inc. owned approximately 0.95% of Tri Pointe Homes worth $27,687,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after acquiring an additional 345 shares during the last quarter. Farther Finance Advisors LLC raised its position in Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,043 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of 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. EverSource Wealth Advisors LLC lifted its position in shares of Tri Pointe Homes by 104.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,100 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Tri Pointe Homes by 59.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,045 shares of the construction company’s stock worth $103,000 after purchasing an additional 1,141 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

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

Tri Pointe Homes Trading Up 0.0%

Shares of Tri Pointe Homes stock opened at $46.37 on Monday. 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 company’s fifty day simple moving average is $37.97 and its 200-day simple moving average is $34.96. The stock has a market capitalization of $3.95 billion, a PE ratio of 17.05, a P/E/G ratio of 1.38 and a beta of 1.33. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $46.62.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The business had revenue of $972.63 million during the quarter, compared to analyst estimates of $917.86 million. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s revenue was down 22.5% on a year-over-year basis. As a group, equities analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Insider Activity

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction on 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 completion of the transaction, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by insiders.

About Tri Pointe Homes

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.