Victory Capital Management Inc. Has $10.15 Million Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Victory Capital Management Inc. lessened its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,496 shares of the construction company’s stock after selling 29,486 shares during the period. Victory Capital Management Inc. owned 0.29% of Tri Pointe Homes worth $10,150,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TPH. GW&K Investment Management LLC bought a new position in Tri Pointe Homes in the 4th quarter valued at approximately $24,389,000. Norges Bank bought a new position in shares of Tri Pointe Homes during the fourth quarter valued at $22,862,000. Jane Street Group LLC lifted its holdings in shares of Tri Pointe Homes by 171.3% during the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock worth $11,352,000 after purchasing an additional 185,395 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Tri Pointe Homes by 49.9% in the fourth quarter. Allianz Asset Management GmbH now owns 439,344 shares of the construction company’s stock worth $15,553,000 after purchasing an additional 146,307 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Tri Pointe Homes by 3,110.4% in the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock valued at $4,012,000 after buying an additional 104,355 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

TPH has been the subject of a number of analyst reports. Wedbush reissued a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price objective on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer lifted their price target on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes currently has a consensus rating of “Buy” and a consensus price target of $48.00.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $44.56 on Friday. The company has a market cap of $4.17 billion, a P/E ratio of 11.88, a PEG ratio of 0.71 and a beta of 1.59. The company has a fifty day simple moving average of $42.87 and a 200 day simple moving average of $39.09. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes, Inc. has a 12-month low of $24.18 and a 12-month high of $47.78.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue was up 38.3% on a year-over-year basis. Sell-side analysts predict that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current fiscal year.

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.