Blue Trust Inc. Has $148,000 Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Blue Trust Inc. boosted its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 72.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,093 shares of the construction company’s stock after buying an additional 1,725 shares during the quarter. Blue Trust Inc.’s holdings in Tri Pointe Homes were worth $148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes in the 3rd quarter valued at approximately $45,000. Nisa Investment Advisors LLC lifted its stake in shares of Tri Pointe Homes by 51.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock valued at $84,000 after acquiring an additional 789 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Tri Pointe Homes by 75.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock valued at $121,000 after acquiring an additional 1,149 shares in the last quarter. CWM LLC grew its position in Tri Pointe Homes by 39.3% during the 3rd quarter. CWM LLC now owns 3,092 shares of the construction company’s stock worth $140,000 after acquiring an additional 872 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Tri Pointe Homes in the 3rd quarter worth about $184,000. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the completion of the transaction, the chief operating officer now owns 708,159 shares in the company, valued at $27,724,424.85. This represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

TPH has been the topic of a number of recent research reports. Wedbush reissued a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Oppenheimer lowered their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada decreased their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.75.

Tri Pointe Homes Stock Up 0.7 %

TPH stock opened at $36.66 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average is $38.09 and its 200-day moving average is $41.45. Tri Pointe Homes, Inc. has a twelve month low of $33.24 and a twelve month high of $47.78. The firm has a market capitalization of $3.43 billion, a PE ratio of 7.61, a P/E/G ratio of 0.59 and a beta of 1.64.

Tri Pointe Homes declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.