Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) COO Thomas J. Mitchell sold 77,384 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.15, for a total value of $3,029,583.60. Following the sale, the chief operating officer now owns 708,159 shares of the company's stock, valued at approximately $27,724,424.85. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Tri Pointe Homes Stock Performance
Tri Pointe Homes stock opened at $38.17 on Wednesday. The company has a market cap of $3.57 billion, a PE ratio of 7.92, a P/E/G ratio of 0.64 and a beta of 1.60. Tri Pointe Homes, Inc. has a 12 month low of $32.79 and a 12 month high of $47.78. The company has a fifty day moving average price of $42.29 and a two-hundred day moving average price of $41.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64.
Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Research analysts expect that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.
Analyst Upgrades and Downgrades
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A number of analysts have recently weighed in on the stock. Oppenheimer decreased their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Royal Bank of Canada decreased their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Wedbush reissued a "neutral" rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, October 24th. StockNews.com cut shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Zelman & Associates upgraded Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price target for the company in a research note on Tuesday, September 17th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Tri Pointe Homes has an average rating of "Moderate Buy" and a consensus target price of $45.75.
Check Out Our Latest Stock Analysis on Tri Pointe Homes
Hedge Funds Weigh In On Tri Pointe Homes
Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of Tri Pointe Homes by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company's stock worth $112,644,000 after purchasing an additional 76,830 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Tri Pointe Homes by 260.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company's stock worth $64,216,000 after buying an additional 1,024,425 shares during the period. Charles Schwab Investment Management Inc. increased its position in Tri Pointe Homes by 11.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company's stock worth $52,816,000 after buying an additional 115,099 shares during the period. Millennium Management LLC lifted its stake in Tri Pointe Homes by 14.1% in the second quarter. Millennium Management LLC now owns 925,498 shares of the construction company's stock valued at $34,475,000 after buying an additional 114,244 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Tri Pointe Homes by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company's stock valued at $34,135,000 after acquiring an additional 31,041 shares during the period. 97.01% of the stock is owned by institutional investors.
About Tri Pointe Homes
(
Get Free Report)
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.
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