Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,863,243 shares of the construction company’s stock after selling 81,551 shares during the quarter. American Century Companies Inc. owned about 1.96% of Tri Pointe Homes worth $69,406,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Fidelis Capital Partners LLC purchased a new position in Tri Pointe Homes in the first quarter worth $25,000. Gradient Investments LLC acquired a new position in shares of Tri Pointe Homes during the 2nd quarter worth $30,000. Evermay Wealth Management LLC acquired a new position in shares of Tri Pointe Homes during the 4th quarter worth $35,000. Assetmark Inc. increased its holdings in shares of Tri Pointe Homes by 29,825.0% in the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after purchasing an additional 1,193 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after purchasing an additional 588 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now owns 85,792 shares in the company, valued at $3,798,869.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at $6,882,825.28. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Tri Pointe Homes Trading Up 3.7 %

Shares of TPH opened at $44.56 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $47.78. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59. The firm has a 50 day simple moving average of $42.87 and a 200-day simple moving average of $39.09.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $0.60 earnings per share. Tri Pointe Homes’s revenue was up 38.3% compared to the same quarter last year. Equities analysts forecast that Tri Pointe Homes, Inc. will post 4.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TPH shares. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Royal Bank of Canada raised their price objective on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Oppenheimer boosted their target price on Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tri Pointe Homes has an average rating of “Buy” and a consensus target price of $48.00.

Tri Pointe Homes 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.