Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its position in Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 170,829 shares of the construction company’s stock after selling 2,611 shares during the quarter. Raymond James & Associates’ holdings in Tri Pointe Homes were worth $2,581,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of Tri Pointe Homes by 30.4% in the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock valued at $46,000 after buying an additional 531 shares during the period. Federated Hermes Inc. boosted its stake in shares of Tri Pointe Homes by 2.5% in the 1st quarter. Federated Hermes Inc. now owns 28,674 shares of the construction company’s stock valued at $576,000 after buying an additional 698 shares during the period. Inspire Investing LLC boosted its stake in shares of Tri Pointe Homes by 7.8% in the 2nd quarter. Inspire Investing LLC now owns 12,559 shares of the construction company’s stock valued at $212,000 after buying an additional 912 shares during the period. Ronald Blue Trust Inc. boosted its stake in shares of Tri Pointe Homes by 107.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,485 shares of the construction company’s stock valued at $42,000 after buying an additional 1,288 shares during the period. Finally, Martingale Asset Management L P boosted its stake in shares of Tri Pointe Homes by 2.2% in the 2nd quarter. Martingale Asset Management L P now owns 59,594 shares of the construction company’s stock valued at $1,006,000 after buying an additional 1,302 shares during the period. 99.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TheStreet upgraded Tri Pointe Homes from a “c+” rating to a “b-” rating in a research note on Friday, December 9th. Oppenheimer started coverage on Tri Pointe Homes in a research note on Wednesday. They set a “market perform” rating for the company. StockNews.com started coverage on Tri Pointe Homes in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, B. Riley decreased their target price on Tri Pointe Homes from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, October 18th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.00.

Tri Pointe Homes Price Performance

Shares of NYSE TPH opened at $20.85 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.51. Tri Pointe Homes, Inc. has a twelve month low of $14.59 and a twelve month high of $25.53. The stock has a 50 day moving average of $18.93 and a two-hundred day moving average of $17.80. The stock has a market cap of $2.10 billion, a P/E ratio of 4.24 and a beta of 1.37.

Tri Pointe Homes (NYSE:TPH – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The construction company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.28. Tri Pointe Homes had a return on equity of 20.88% and a net margin of 13.01%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $982.46 million. On average, research analysts forecast that Tri Pointe Homes, Inc. will post 5.09 earnings per share for the current year.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 94,067 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $18.93, for a total value of $1,780,688.31. Following the completion of the sale, the chief operating officer now owns 371,341 shares in the company, valued at $7,029,485.13. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is owned by company insiders.

Tri Pointe Homes Profile

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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.