Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,765,124 shares of the construction company’s stock after selling 8,400 shares during the period. LSV Asset Management owned 1.86% of Tri Pointe Homes worth $65,751,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Oliver Luxxe Assets LLC raised its holdings in shares of Tri Pointe Homes by 1.2% during the first quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock valued at $1,137,000 after acquiring an additional 354 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Tri Pointe Homes by 1.5% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock valued at $959,000 after purchasing an additional 376 shares during the last quarter. Blue Trust Inc. boosted its stake in Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Tri Pointe Homes by 21.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,748 shares of the construction company’s stock worth $97,000 after purchasing an additional 487 shares during the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Tri Pointe Homes by 4.2% during the second quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock worth $496,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

TPH has been the topic of a number of recent research reports. Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, July 25th. Royal Bank of Canada increased their price target on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Oppenheimer boosted their price objective on Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $48.00.

Insider Transactions at Tri Pointe Homes

In related news, CFO Glenn J. Keeler sold 24,200 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $46.16, for a total value of $1,117,072.00. Following the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at approximately $6,882,825.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Tri Pointe Homes Stock Performance

Tri Pointe Homes stock opened at $42.14 on Monday. The firm has a 50 day simple moving average of $42.23 and a 200-day simple moving average of $38.85. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.69 and a beta of 1.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. On average, analysts expect that Tri Pointe Homes, Inc. will post 4.68 EPS for the current 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.