US Bancorp DE Sells 3,725 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

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

A number of research firms have recently issued reports on TPH. StockNews.com began coverage on Tri Pointe Homes in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Oppenheimer began coverage on Tri Pointe Homes in a research report on Wednesday, January 18th. They set a “market perform” rating on the stock. B. Riley dropped their price target on Tri Pointe Homes from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 18th. Finally, TheStreet raised Tri Pointe Homes from a “c+” rating to a “b-” rating in a research report on Friday, December 9th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

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

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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.