Skandinaviska Enskilda Banken AB publ Sells 82,220 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 33.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,381 shares of the construction company’s stock after selling 82,220 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.18% of Tri Pointe Homes worth $6,198,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in Tri Pointe Homes by 132.8% during the first quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock worth $4,730,000 after purchasing an additional 69,789 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in Tri Pointe Homes during the first quarter worth about $834,000. State Board of Administration of Florida Retirement System lifted its stake in Tri Pointe Homes by 64.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company’s stock worth $3,219,000 after purchasing an additional 32,717 shares during the last quarter. SG Americas Securities LLC lifted its stake in Tri Pointe Homes by 3,110.4% during the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock worth $4,012,000 after purchasing an additional 104,355 shares during the last quarter. Finally, Forge First Asset Management Inc. bought a new stake in Tri Pointe Homes during the first quarter worth about $3,156,000. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Down 2.8 %

Shares of NYSE:TPH opened at $44.73 on Monday. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $47.78. The company has a market cap of $4.24 billion, a PE ratio of 11.93, a P/E/G ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. The stock’s 50-day moving average is $43.52 and its 200 day moving average is $39.48.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results 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 return on equity of 14.03% and a net margin of 10.28%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $0.60 EPS. Tri Pointe Homes’s revenue was up 38.3% compared to the same quarter last year. Sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 4.68 EPS for the current year.

Insiders Place Their Bets

In other Tri Pointe Homes news, CFO Glenn J. Keeler sold 24,200 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 149,108 shares in the company, valued at approximately $6,882,825.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the company’s 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 owns 85,792 shares in the company, valued at approximately $3,798,869.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Glenn J. Keeler sold 24,200 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 149,108 shares in the company, valued at approximately $6,882,825.28. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Royal Bank of Canada lifted their price objective on Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Oppenheimer lifted their price objective on Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, July 25th. Finally, Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

About Tri Pointe Homes

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.