Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Strs Ohio

Strs Ohio cut its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,900 shares of the construction company’s stock after selling 2,600 shares during the quarter. Strs Ohio’s holdings in Tri Pointe Homes were worth $1,235,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Phocas Financial Corp. lifted its holdings in Tri Pointe Homes by 1.9% in the fourth quarter. Phocas Financial Corp. now owns 245,139 shares of the construction company’s stock valued at $8,678,000 after acquiring an additional 4,453 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Tri Pointe Homes in the fourth quarter valued at approximately $1,720,000. Cerity Partners LLC purchased a new stake in shares of Tri Pointe Homes in the fourth quarter valued at approximately $206,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Tri Pointe Homes in the fourth quarter valued at approximately $392,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Tri Pointe Homes by 105.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock valued at $48,000 after buying an additional 700 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Up 1.0 %

Shares of TPH opened at $35.28 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11. Tri Pointe Homes, Inc. has a one year low of $24.18 and a one year high of $39.08. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.74 and a beta of 1.54. The stock has a 50 day moving average price of $35.64 and a 200 day moving average price of $32.74.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.12 by $0.24. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business earned $1.98 earnings per share. The firm’s revenue for the quarter was down 17.5% on a year-over-year basis. Equities research analysts forecast that Tri Pointe Homes, Inc. will post 3.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $41.00 price objective (up from $36.00) on shares of Tri Pointe Homes in a research report on Wednesday, February 21st. Royal Bank of Canada upgraded Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Wednesday, March 13th. Finally, Wedbush restated a “neutral” rating and issued a $32.00 price objective on shares of Tri Pointe Homes in a research report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

Insider Buying and Selling

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following the completion of the sale, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.50% of the stock is owned by company insiders.

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.