Shell Asset Management Co. Decreases Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Shell Asset Management Co. cut its position in Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) by 12.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,850 shares of the construction company’s stock after selling 2,456 shares during the period. Shell Asset Management Co.’s holdings in Tri Pointe Homes were worth $338,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Tri Pointe Homes by 66.0% in the fourth quarter. JPMorgan Chase & Co. now owns 9,540,159 shares of the construction company’s stock worth $266,076,000 after buying an additional 3,794,469 shares during the last quarter. State Street Corp raised its holdings in shares of Tri Pointe Homes by 7.5% during the fourth quarter. State Street Corp now owns 4,916,381 shares of the construction company’s stock valued at $137,118,000 after purchasing an additional 341,898 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Tri Pointe Homes by 22.8% during the fourth quarter. Invesco Ltd. now owns 2,081,466 shares of the construction company’s stock valued at $58,052,000 after purchasing an additional 385,977 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tri Pointe Homes by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,971,430 shares of the construction company’s stock valued at $54,983,000 after purchasing an additional 33,068 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Tri Pointe Homes by 22.4% during the fourth quarter. Bank of America Corp DE now owns 1,226,191 shares of the construction company’s stock valued at $34,199,000 after purchasing an additional 224,351 shares during the last quarter. 98.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. B. Riley cut shares of Tri Pointe Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $20.00 in a report on Thursday, June 16th. StockNews.com cut shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Saturday, June 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Tri Pointe Homes from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, June 17th.

Tri Pointe Homes Stock Performance

Shares of NYSE TPH opened at $17.97 on Friday. The firm has a 50 day moving average of $18.43 and a 200 day moving average of $20.47. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 3.87 and a beta of 1.43. Tri Pointe Homes, Inc. has a 12-month low of $15.05 and a 12-month high of $28.28.

Tri Pointe Homes (NYSE:TPHGet Rating) last announced its earnings results on Thursday, July 21st. The construction company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.21. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $998.10 million. Tri Pointe Homes had a net margin of 12.70% and a return on equity of 20.80%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 earnings per share. On average, research analysts anticipate that Tri Pointe Homes, Inc. will post 4.65 earnings per share for the current year.

About Tri Pointe Homes

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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 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, Virginia, and the District of Columbia.

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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