Tri Pointe Homes, Inc. (NYSE:TPH) Position Cut by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 96.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,307 shares of the construction company’s stock after selling 103,403 shares during the period. SG Americas Securities LLC’s holdings in Tri Pointe Homes were worth $195,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TPH. Fidelis Capital Partners LLC acquired a new position in shares of Tri Pointe Homes during the first quarter valued at $25,000. Gradient Investments LLC bought a new position in Tri Pointe Homes in the 2nd quarter valued at about $30,000. GAMMA Investing LLC increased its stake in Tri Pointe Homes by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after buying an additional 588 shares during the period. Blue Trust Inc. raised its position in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after buying an additional 427 shares in the last quarter. Finally, CWM LLC raised its position in shares of Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after buying an additional 920 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wedbush reiterated a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a 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 note on Wednesday, October 2nd. Royal Bank of Canada lifted their price target on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a report on Tuesday, September 17th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.25.

Insider Activity

In related news, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction dated 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 transaction, 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 this hyperlink. In related 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 value of $1,117,072.00. Following the completion of the sale, the chief financial officer now owns 149,108 shares in the company, valued at approximately $6,882,825.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction that occurred 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 approximately $3,798,869.76. The trade was 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 currently owned by company insiders.

Tri Pointe Homes Trading Down 0.4 %

Shares of NYSE:TPH opened at $42.51 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.76 and a beta of 1.59. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $47.78. The company has a 50 day moving average price of $44.01 and a 200 day moving average price of $40.81.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data 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. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.07 billion. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The company’s revenue was up 38.3% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. On average, research analysts anticipate that Tri Pointe Homes, Inc. will post 4.68 EPS for the current fiscal 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.