Cwm LLC Acquires 872 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Cwm LLC boosted its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 39.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,092 shares of the construction company’s stock after buying an additional 872 shares during the period. Cwm LLC’s holdings in Tri Pointe Homes were worth $140,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TPH. PNC Financial Services Group Inc. boosted its holdings in Tri Pointe Homes by 94.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,407 shares of the construction company’s stock valued at $262,000 after purchasing an additional 3,588 shares during the period. Oliver Luxxe Assets LLC grew its position in Tri Pointe Homes by 1.2% during the first quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock worth $1,137,000 after buying an additional 354 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in Tri Pointe Homes during the first quarter worth about $200,000. Principal Financial Group Inc. increased its stake in Tri Pointe Homes by 0.4% during the first quarter. Principal Financial Group Inc. now owns 530,036 shares of the construction company’s stock valued at $20,491,000 after acquiring an additional 2,211 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Tri Pointe Homes by 132.8% in the 1st quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock worth $4,730,000 after acquiring an additional 69,789 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tri Pointe Homes

In related 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 completion of the sale, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Glenn J. Keeler sold 24,200 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 directly owns 149,108 shares in the company, valued at approximately $6,882,825.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Tri Pointe Homes Stock Down 4.2 %

Shares of NYSE:TPH opened at $40.73 on Friday. The company’s fifty day moving average is $44.01 and its 200-day moving average is $40.81. 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 52 week low of $24.18 and a 52 week high of $47.78. The company has a market capitalization of $3.81 billion, a PE ratio of 9.26, a P/E/G ratio of 0.70 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Equities research analysts predict that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TPH. 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 research report on Tuesday, September 17th. Oppenheimer boosted their price target on shares of Tri Pointe Homes from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Royal Bank of Canada upped their target price 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. Finally, Wedbush reissued a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.25.

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.