Tri Pointe Homes, Inc. (NYSE:TPH) Stock Position Lessened by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. decreased its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 6.3% in the 1st quarter, HoldingsChannel reports. The firm owned 331,491 shares of the construction company’s stock after selling 22,130 shares during the quarter. Tri Pointe Homes makes up 1.1% of Leith Wheeler Investment Counsel Ltd.’s portfolio, making the stock its 23rd largest holding. Leith Wheeler Investment Counsel Ltd.’s holdings in Tri Pointe Homes were worth $6,749,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TPH. Lazard Asset Management LLC grew its stake in shares of Tri Pointe Homes by 24.4% in the fourth quarter. Lazard Asset Management LLC now owns 4,084 shares of the construction company’s stock worth $70,000 after purchasing an additional 801 shares in the last quarter. Strs Ohio grew its stake in shares of Tri Pointe Homes by 557.1% in the third quarter. Strs Ohio now owns 4,600 shares of the construction company’s stock worth $83,000 after purchasing an additional 3,900 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Tri Pointe Homes in the fourth quarter worth $100,000. Neo Ivy Capital Management bought a new position in shares of Tri Pointe Homes in the fourth quarter worth $119,000. Finally, Marshall Wace LLP bought a new position in shares of Tri Pointe Homes in the first quarter worth $179,000.

TPH has been the subject of several research reports. Wolfe Research initiated coverage on Tri Pointe Homes in a research note on Monday, March 22nd. They set a “peer perform” rating for the company. Zacks Investment Research cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, February 24th. Janney Montgomery Scott initiated coverage on Tri Pointe Homes in a research note on Thursday, January 21st. They set a “buy” rating and a $26.00 target price for the company. Finally, Royal Bank of Canada cut Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $22.00 to $19.00 in a research note on Friday, January 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Tri Pointe Homes has a consensus rating of “Buy” and a consensus price target of $19.71.

Shares of NYSE:TPH traded up $0.35 during midday trading on Wednesday, reaching $22.23. The company had a trading volume of 28,313 shares, compared to its average volume of 1,739,966. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 1.33. Tri Pointe Homes, Inc. has a 1-year low of $9.23 and a 1-year high of $22.17. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 10.27 and a beta of 1.59. The company has a fifty day simple moving average of $20.18 and a two-hundred day simple moving average of $18.78.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, February 18th. The construction company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.28. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $923.98 million. Tri Pointe Homes had a return on equity of 13.70% and a net margin of 8.54%. Analysts expect that Tri Pointe Homes, Inc. will post 1.98 EPS for the current year.

In related news, Director Steven J. Gilbert sold 6,972 shares of the stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $20.43, for a total value of $142,437.96. Following the completion of the sale, the director now directly owns 56,892 shares of the company’s stock, valued at approximately $1,162,303.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas F. Bauer sold 62,974 shares of the stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $20.31, for a total value of $1,279,001.94. Following the completion of the sale, the chief executive officer now directly owns 138,583 shares of the company’s stock, valued at $2,814,620.73. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,115 shares of company stock valued at $1,686,268. Company insiders own 1.80% of the company’s stock.

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, including 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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