Belpointe Asset Management LLC Invests $78,000 in Tri Pointe Homes, Inc. (NYSE:TPH)

Belpointe Asset Management LLC bought a new position in Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,199 shares of the construction company’s stock, valued at approximately $78,000.

Other hedge funds have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D purchased a new stake in shares of Tri Pointe Homes in the fourth quarter worth about $2,373,000. Nomura Holdings Inc. lifted its stake in shares of Tri Pointe Homes by 54.0% in the 3rd quarter. Nomura Holdings Inc. now owns 118,050 shares of the construction company’s stock valued at $1,784,000 after purchasing an additional 41,417 shares during the period. Dean Investment Associates LLC lifted its stake in shares of Tri Pointe Homes by 16.8% in the 3rd quarter. Dean Investment Associates LLC now owns 296,113 shares of the construction company’s stock valued at $4,474,000 after purchasing an additional 42,698 shares during the period. ProShare Advisors LLC lifted its stake in shares of Tri Pointe Homes by 14.7% in the 4th quarter. ProShare Advisors LLC now owns 15,925 shares of the construction company’s stock valued at $296,000 after purchasing an additional 2,036 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Tri Pointe Homes by 11.0% in the 3rd quarter. Victory Capital Management Inc. now owns 300,564 shares of the construction company’s stock valued at $4,542,000 after purchasing an additional 29,714 shares during the period. Hedge funds and other institutional investors own 99.41% of the company’s stock.

Insider Activity at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 19,076 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $29.24, for a total transaction of $557,782.24. Following the completion of the sale, the chief executive officer now owns 423,514 shares of the company’s stock, valued at approximately $12,383,549.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 19,076 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $29.24, for a total transaction of $557,782.24. Following the transaction, the chief executive officer now owns 423,514 shares of the company’s stock, valued at $12,383,549.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Constance B. Moore sold 39,589 shares of Tri Pointe Homes stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $23.15, for a total transaction of $916,485.35. Following the transaction, the director now directly owns 60,613 shares in the company, valued at $1,403,190.95. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wedbush lifted their price target on Tri Pointe Homes from $27.00 to $30.00 in a research note on Friday, April 28th. StockNews.com began coverage on Tri Pointe Homes in a research note on Thursday. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Tri Pointe Homes Stock Down 0.9 %

NYSE TPH opened at $30.32 on Friday. The business has a fifty day moving average price of $26.58 and a 200 day moving average price of $22.44. Tri Pointe Homes, Inc. has a one year low of $14.59 and a one year high of $31.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $3.04 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.77 and a beta of 1.45.

Tri Pointe Homes (NYSE:TPH – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.32. Tri Pointe Homes had a net margin of 12.97% and a return on equity of 20.83%. The company had revenue of $768.40 million during the quarter, compared to analysts’ expectations of $586.76 million. During the same quarter in the prior year, the company earned $0.81 EPS. Tri Pointe Homes’s revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Tri Pointe Homes, Inc. will post 3.07 EPS for the current fiscal year.

About Tri Pointe Homes

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Tri Pointe Homes, Inc designs, constructs, and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of operations in Arizona, Pardee Homes, consisting of operations in California and Nevada, Quadrant Homes, consisting of operations in Washington, Trendmaker Homes, consisting of operations in Texas, TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.