Zurcher Kantonalbank Zurich Cantonalbank Sells 5,633 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 18.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,535 shares of the construction company’s stock after selling 5,633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tri Pointe Homes were worth $904,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Diversified Trust Co grew its stake in shares of Tri Pointe Homes by 2.7% in the fourth quarter. Diversified Trust Co now owns 12,506 shares of the construction company’s stock valued at $443,000 after buying an additional 330 shares in the last quarter. Oliver Luxxe Assets LLC lifted its position in shares of Tri Pointe Homes by 1.5% in the third quarter. Oliver Luxxe Assets LLC now owns 34,257 shares of the construction company’s stock valued at $937,000 after buying an additional 505 shares during the last quarter. Cavalier Investments LLC boosted its stake in shares of Tri Pointe Homes by 3.8% during the 3rd quarter. Cavalier Investments LLC now owns 17,120 shares of the construction company’s stock worth $468,000 after acquiring an additional 629 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 105.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock valued at $48,000 after purchasing an additional 700 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Tri Pointe Homes by 73.8% during the fourth quarter. Blue Trust Inc. now owns 1,766 shares of the construction company’s stock worth $63,000 after purchasing an additional 750 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on TPH. StockNews.com upgraded shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday. Oppenheimer increased their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. Wedbush restated a “neutral” rating and issued a $35.00 price target on shares of Tri Pointe Homes in a research report on Thursday. Finally, Royal Bank of Canada upped their target price on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tri Pointe Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

Tri Pointe Homes Stock Performance

TPH stock opened at $37.88 on Monday. The stock has a 50-day moving average price of $35.79 and a 200-day moving average price of $33.01. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $39.08. The firm has a market cap of $3.62 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The company has a current ratio of 1.99, a quick ratio of 2.11 and a debt-to-equity ratio of 0.45.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.34. The firm had revenue of $918.40 million for the quarter, compared to analysts’ expectations of $867.77 million. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. As a group, equities research analysts expect that Tri Pointe Homes, Inc. will post 3.65 earnings per share for the current year.

Insider Transactions at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction that occurred on 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 directly owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

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.