Insider Selling: Tri Pointe Homes (NYSE:TPH) Director Sells $2,316,500.00 in Stock

Tri Pointe Homes Inc. (NYSE:TPH) Director Steven Gilbert sold 50,000 shares of the stock in a transaction that occurred on 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 owned 30,330 shares in the company, valued at approximately $1,405,188.90. This trade represents a 62.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Tri Pointe Homes Stock Performance

Shares of NYSE TPH opened at $46.31 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 1.38 and a beta of 1.39. The stock’s fifty day moving average price is $35.18 and its two-hundred day moving average price is $34.10. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $46.47.

Institutional Trading of Tri Pointe Homes

Several large investors have recently bought and sold shares of TPH. Lido Advisors LLC raised its stake in Tri Pointe Homes by 3.5% during the fourth quarter. Lido Advisors LLC now owns 9,751 shares of the construction company’s stock worth $326,000 after acquiring an additional 327 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Tri Pointe Homes by 45.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after purchasing an additional 345 shares during the last quarter. Federated Hermes Inc. increased its position in Tri Pointe Homes by 0.6% during the 3rd quarter. Federated Hermes Inc. now owns 63,082 shares of the construction company’s stock worth $2,143,000 after purchasing an additional 373 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Tri Pointe Homes by 3.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 10,507 shares of the construction company’s stock worth $331,000 after purchasing an additional 394 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Tri Pointe Homes Company Profile

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.