US Bancorp DE lessened its holdings in Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) by 11.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,394 shares of the construction company’s stock after selling 3,725 shares during the quarter. US Bancorp DE’s holdings in Tri Pointe Homes were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Ronald Blue Trust Inc. grew its position in 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 acquiring an additional 1,288 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Tri Pointe Homes in the 1st quarter valued at $45,000. Captrust Financial Advisors grew its position in shares of Tri Pointe Homes by 30.4% during the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock worth $46,000 after buying an additional 531 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of Tri Pointe Homes during the 3rd quarter worth $55,000. Finally, CX Institutional bought a new position in shares of Tri Pointe Homes during the 2nd quarter worth $143,000. Institutional investors own 99.41% of the company’s stock.
Insider Buying and Selling at Tri Pointe Homes
In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 94,067 shares of the stock in a transaction dated 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 directly owns 371,341 shares in the company, valued at $7,029,485.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Tri Pointe Homes Price Performance
Shares of TPH stock opened at $21.04 on Tuesday. Tri Pointe Homes, Inc. has a 1-year low of $14.59 and a 1-year high of $25.53. The stock’s 50-day moving average is $18.99 and its 200 day moving average is $17.82. The company has a market cap of $2.12 billion, a P/E ratio of 4.28, a PEG ratio of 0.49 and a beta of 1.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.71 and a quick ratio of 0.71.
Tri Pointe Homes (NYSE:TPH – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The construction company reported $1.45 EPS 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. Research analysts predict that Tri Pointe Homes, Inc. will post 5.08 earnings per share for the current fiscal year.
Tri Pointe Homes Company 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 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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