Amalgamated Bank Trims Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Amalgamated Bank reduced its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,532 shares of the construction company’s stock after selling 2,274 shares during the period. Amalgamated Bank’s holdings in Tri Pointe Homes were worth $1,293,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TPH. Daiwa Securities Group Inc. acquired a new position in Tri Pointe Homes in the 4th quarter valued at about $35,000. GAMMA Investing LLC acquired a new position in shares of Tri Pointe Homes in the 4th quarter valued at $41,000. Nisa Investment Advisors LLC increased its holdings in shares of Tri Pointe Homes by 105.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock valued at $48,000 after acquiring an additional 700 shares during the period. Blue Trust Inc. increased its holdings in shares of Tri Pointe Homes by 73.8% in the 4th quarter. Blue Trust Inc. now owns 1,766 shares of the construction company’s stock valued at $63,000 after acquiring an additional 750 shares during the period. Finally, Planned Solutions Inc. acquired a new position in shares of Tri Pointe Homes in the 4th quarter valued at $113,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TPH has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Wedbush restated a “neutral” rating and issued a $35.00 target price on shares of Tri Pointe Homes in a report on Thursday, April 25th. Oppenheimer upped their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, StockNews.com upgraded shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.60.

Insider Activity

In other news, CEO Douglas F. Bauer sold 56,567 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the completion of the transaction, the chief executive officer now directly owns 677,816 shares in the company, valued at approximately $26,963,520.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Douglas F. Bauer sold 56,567 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the transaction, the chief executive officer now directly owns 677,816 shares of the company’s stock, valued at $26,963,520.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total value of $1,814,992.26. Following the transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Tri Pointe Homes Stock Down 0.0 %

TPH opened at $39.58 on Wednesday. The firm has a 50 day moving average price of $36.61 and a 200 day moving average price of $34.05. The company has a market cap of $3.76 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.68 and a beta of 1.54. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $40.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.99 and a current ratio of 1.99.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The company had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. During the same quarter last year, the company earned $0.73 earnings per share. Tri Pointe Homes’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts expect that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current 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 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.