Kesler Norman & Wride LLC Invests $454,000 in Tri Pointe Homes, Inc. (NYSE:TPH)

Kesler Norman & Wride LLC acquired a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,010 shares of the construction company’s stock, valued at approximately $454,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in Tri Pointe Homes by 1,417.8% during the second quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company’s stock valued at $16,529,000 after purchasing an additional 414,500 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Tri Pointe Homes by 149.5% during the second quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company’s stock valued at $19,907,000 after purchasing an additional 320,221 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Tri Pointe Homes during the second quarter valued at approximately $9,599,000. Jane Street Group LLC boosted its position in 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 valued at $11,352,000 after purchasing an additional 185,395 shares during the last quarter. Finally, Algert Global LLC boosted its position in Tri Pointe Homes by 69.9% during the second quarter. Algert Global LLC now owns 296,892 shares of the construction company’s stock valued at $11,059,000 after purchasing an additional 122,157 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TPH shares. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a research report on Tuesday, September 17th. Wedbush reissued a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Oppenheimer increased their price target on Tri Pointe Homes from $54.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upped 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. Finally, Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.25.

Insiders Place Their Bets

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction 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 $3,798,869.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tri Pointe Homes news, 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 sale, the chief financial officer now owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were 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 approximately $3,798,869.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of NYSE TPH opened at $43.63 on Wednesday. The firm has a market cap of $4.08 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.59. 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 1-year low of $24.18 and a 1-year high of $47.78. The business’s 50 day moving average is $43.43 and its 200-day moving average is $40.24.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, topping 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 firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.60 EPS. The company’s revenue was up 38.3% on a year-over-year basis. Equities research analysts predict that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current 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.