Massachusetts Financial Services Co. MA Purchases Shares of 8,687 Tri Pointe Homes, Inc. (NYSE:TPH)

Massachusetts Financial Services Co. MA purchased a new stake in Tri Pointe Homes, Inc. (NYSE:TPH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,687 shares of the construction company’s stock, valued at approximately $324,000.

A number of other large investors have also recently bought and sold shares of the stock. Oliver Luxxe Assets LLC boosted its stake in Tri Pointe Homes by 1.2% in the first quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock worth $1,137,000 after purchasing an additional 354 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Tri Pointe Homes by 1.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock worth $959,000 after purchasing an additional 376 shares in the last quarter. Blue Trust Inc. boosted its stake in Tri Pointe Homes by 31.7% in the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares in the last quarter. Diversified Trust Co boosted its stake in Tri Pointe Homes by 4.2% in the second quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock worth $496,000 after purchasing an additional 536 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after purchasing an additional 588 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Trading Up 1.2 %

NYSE:TPH opened at $45.25 on Tuesday. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $47.78. The business’s 50-day moving average price is $43.58 and its two-hundred day moving average price is $39.55. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.73 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, beating 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 firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 38.3% on a year-over-year basis. On average, equities analysts expect that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

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.