Dynamic Technology Lab Private Ltd Sells 31,901 Shares of Tri Pointe Homes Inc. $TPH

Dynamic Technology Lab Private Ltd lessened its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 77.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,230 shares of the construction company’s stock after selling 31,901 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Tri Pointe Homes were worth $314,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its position in Tri Pointe Homes by 1.0% during the second quarter. State Street Corp now owns 4,556,255 shares of the construction company’s stock worth $145,572,000 after buying an additional 44,574 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Tri Pointe Homes by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 2,755,767 shares of the construction company’s stock valued at $93,613,000 after purchasing an additional 252,949 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Tri Pointe Homes by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 1,008,454 shares of the construction company’s stock valued at $34,257,000 after buying an additional 130,855 shares during the last quarter. Boston Partners increased its stake in Tri Pointe Homes by 60.3% in the 2nd quarter. Boston Partners now owns 820,492 shares of the construction company’s stock worth $26,217,000 after purchasing an additional 308,751 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Tri Pointe Homes by 20.5% in the second quarter. Bank of America Corp DE now owns 819,976 shares of the construction company’s stock worth $26,198,000 after buying an additional 139,228 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TPH. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Citigroup initiated coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Royal Bank Of Canada raised their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Citizens Jmp started coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 target price for the company. Finally, Oppenheimer cut Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.50.

Insider Activity at Tri Pointe Homes

In other news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares in the company, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock opened at $46.35 on Friday. The stock’s fifty day moving average is $39.15 and its 200 day moving average is $35.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.63 and a current ratio of 2.63. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $46.62. The stock has a market cap of $3.95 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.38 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The company had revenue of $972.63 million during the quarter, compared to the consensus estimate of $917.86 million. During the same period in the previous year, the company posted $1.37 EPS. The firm’s revenue was down 22.5% on a year-over-year basis. Sell-side analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.