Aristides Capital LLC Invests $247,000 in Tri Pointe Homes, Inc. (NYSE:TPH)

Aristides Capital LLC bought a new stake in Tri Pointe Homes, Inc. (NYSE:TPH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,624 shares of the construction company’s stock, valued at approximately $247,000.

Several other institutional investors also recently added to or reduced their stakes in TPH. Fidelis Capital Partners LLC acquired a new stake in shares of Tri Pointe Homes during the 1st quarter worth approximately $25,000. Gradient Investments LLC bought a new position in shares of Tri Pointe Homes during the 2nd quarter worth about $30,000. GAMMA Investing LLC boosted its holdings in Tri Pointe Homes by 63.1% during 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 in the last quarter. Blue Trust Inc. grew its position 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 valued at $69,000 after acquiring an additional 427 shares during the period. Finally, CWM LLC grew its holdings in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after purchasing an additional 920 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TPH. Royal Bank of Canada raised 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. Oppenheimer upped their price target 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. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, July 25th. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price on the stock in a report on Tuesday, September 17th. Finally, Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes 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 owns 85,792 shares in the company, valued at approximately $3,798,869.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares in the company, valued at $3,798,869.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at $6,882,825.28. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Tri Pointe Homes Price Performance

Shares of NYSE TPH opened at $45.31 on Tuesday. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. Tri Pointe Homes, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $47.78. The firm’s 50-day simple moving average is $43.57 and its 200 day simple moving average is $39.92.

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 net margin of 10.28% and a return on equity of 14.03%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. As a group, research analysts anticipate that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current fiscal year.

Tri Pointe Homes Company 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.