Fieldview Capital Management LLC Takes $504,000 Position in Tri Pointe Homes Inc. $TPH

Fieldview Capital Management LLC acquired a new position in Tri Pointe Homes Inc. (NYSE:TPH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,826 shares of the construction company’s stock, valued at approximately $504,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its holdings in Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after buying an additional 345 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,043 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after acquiring an additional 401 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Tri Pointe Homes during the 3rd quarter valued at $64,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Tri Pointe Homes by 104.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock valued at $69,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Up 0.2%

TPH opened at $46.40 on Wednesday. The company has a market capitalization of $3.95 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. The firm has a 50-day simple moving average of $38.55 and a two-hundred day simple moving average of $35.12. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $46.62.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The business’s revenue was down 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. Analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TPH. Oppenheimer cut Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Royal Bank Of Canada upped their price target on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Citigroup began coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Finally, Citizens Jmp initiated coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Tri Pointe Homes presently has a consensus rating of “Hold” and a consensus price target of $42.50.

Insiders Place Their Bets

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes 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 sale, the director owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

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.