LPL Financial LLC Sells 9,123 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

LPL Financial LLC lowered its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 26.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,866 shares of the construction company’s stock after selling 9,123 shares during the quarter. LPL Financial LLC’s holdings in Tri Pointe Homes were worth $938,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MML Investors Services LLC bought a new position in shares of Tri Pointe Homes during the 3rd quarter valued at approximately $246,000. Barclays PLC increased its position in Tri Pointe Homes by 103.7% in the third quarter. Barclays PLC now owns 209,239 shares of the construction company’s stock worth $9,480,000 after buying an additional 106,543 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Tri Pointe Homes in the third quarter valued at $343,000. Franklin Resources Inc. lifted its position in shares of Tri Pointe Homes by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 712,673 shares of the construction company’s stock valued at $31,971,000 after buying an additional 9,542 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its stake in shares of Tri Pointe Homes by 6.7% during the 4th quarter. Oliver Luxxe Assets LLC now owns 41,695 shares of the construction company’s stock worth $1,512,000 after acquiring an additional 2,625 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

TPH has been the topic of several recent research reports. Wedbush reaffirmed a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Oppenheimer cut their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI cut their price target on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Royal Bank of Canada lowered Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.60.

Tri Pointe Homes Trading Up 1.5 %

Tri Pointe Homes stock opened at $29.50 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. The stock has a market cap of $2.71 billion, a P/E ratio of 6.11, a PEG ratio of 0.67 and a beta of 1.44. The firm’s fifty day moving average price is $31.58 and its 200-day moving average price is $36.97.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.07. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Equities research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share 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.