Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in Tri Pointe Homes, Inc. (NYSE:TPHFree Report) by 2.9% during the 3rd quarter, Holdings Channel reports. The fund owned 12,848,535 shares of the construction company’s stock after selling 381,500 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of Tri Pointe Homes worth $351,407,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its stake in shares of Tri Pointe Homes by 0.4% in the second quarter. State Street Corp now owns 4,796,047 shares of the construction company’s stock valued at $80,909,000 after acquiring an additional 16,907 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Tri Pointe Homes by 6.6% in the second quarter. Geode Capital Management LLC now owns 2,047,722 shares of the construction company’s stock valued at $67,288,000 after acquiring an additional 126,911 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Tri Pointe Homes by 1,387.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,906,274 shares of the construction company’s stock valued at $48,267,000 after acquiring an additional 1,778,149 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Tri Pointe Homes by 21.7% in the third quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company’s stock valued at $46,040,000 after acquiring an additional 300,383 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Tri Pointe Homes by 11.4% in the first quarter. JPMorgan Chase & Co. now owns 1,246,272 shares of the construction company’s stock valued at $31,555,000 after acquiring an additional 127,571 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $36.80 on Wednesday. The firm has a market capitalization of $3.51 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 0.78 and a beta of 1.53. The business’s fifty day moving average price is $34.95 and its 200 day moving average price is $31.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.11 and a quick ratio of 2.11. Tri Pointe Homes, Inc. has a 12 month low of $24.18 and a 12 month high of $37.12.

Tri Pointe Homes (NYSE:TPHGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.24. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The business’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.98 earnings per share. On average, sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 3.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on TPH shares. Wedbush reiterated a “neutral” rating and issued a $32.00 price objective on shares of Tri Pointe Homes in a research note on Tuesday, February 20th. Oppenheimer reissued an “outperform” rating and issued a $41.00 target price (up previously from $36.00) on shares of Tri Pointe Homes in a report on Wednesday, February 21st. Finally, Royal Bank of Canada raised Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.20.

Check Out Our Latest Analysis on Tri Pointe Homes

Insiders Place Their Bets

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the transaction, the chief operating officer now owns 785,543 shares of the company’s stock, valued at $27,666,824.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Tri Pointe Homes Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tri Pointe Homes, Inc. (NYSE:TPHFree Report).

Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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