Yousif Capital Management LLC Sells 903 Shares of Tri Pointe Homes Inc. (NYSE:TPH)

Yousif Capital Management LLC lessened its position in Tri Pointe Homes Inc. (NYSE:TPH) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,317 shares of the construction company’s stock after selling 903 shares during the quarter. Yousif Capital Management LLC’s holdings in Tri Pointe Homes were worth $1,191,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings in Tri Pointe Homes by 8.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company’s stock worth $126,000 after acquiring an additional 287 shares during the period. Assetmark Inc. increased its holdings in shares of Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after purchasing an additional 300 shares during the period. Covestor Ltd increased its holdings in shares of Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company’s stock worth $33,000 after purchasing an additional 335 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Tri Pointe Homes by 0.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company’s stock worth $3,619,000 after purchasing an additional 340 shares during the period. Finally, Hancock Whitney Corp increased its holdings in shares of Tri Pointe Homes by 8.3% during the 4th quarter. Hancock Whitney Corp now owns 5,779 shares of the construction company’s stock worth $210,000 after purchasing an additional 442 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TPH. Oppenheimer dropped their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wedbush upgraded shares of Tri Pointe Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Royal Bank Of Canada downgraded shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Finally, Evercore ISI dropped their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the business’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $30.15, for a total value of $3,626,653.05. Following the transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock opened at $29.94 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.97 and a current ratio of 1.97. The firm’s 50-day simple moving average is $30.50 and its 200-day simple moving average is $33.49. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The firm has a market cap of $2.71 billion, a P/E ratio of 6.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.25. The business had revenue of $720.79 million for the quarter, compared to analyst estimates of $713.65 million. Tri Pointe Homes had a net margin of 10.02% and a return on equity of 12.97%. The firm’s revenue was down 21.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. As a group, research analysts expect that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes Company 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.