Swiss National Bank Has $5.63 Million Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Swiss National Bank decreased its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 262,747 shares of the construction company’s stock after selling 27,000 shares during the quarter. Swiss National Bank owned about 0.23% of Tri Pointe Homes worth $5,631,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Tri Pointe Homes by 1.4% during the 1st quarter. BlackRock Inc. now owns 16,389,446 shares of the construction company’s stock worth $333,689,000 after buying an additional 232,601 shares during the period. American Century Companies Inc. lifted its holdings in shares of Tri Pointe Homes by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 334,097 shares of the construction company’s stock worth $7,160,000 after purchasing an additional 42,914 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Tri Pointe Homes by 80.5% in the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 768,346 shares of the construction company’s stock worth $15,644,000 after purchasing an additional 342,704 shares in the last quarter. Factorial Partners LLC lifted its holdings in shares of Tri Pointe Homes by 1,936.0% in the 1st quarter. Factorial Partners LLC now owns 1,003,748 shares of the construction company’s stock worth $49,300,000 after purchasing an additional 954,448 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Tri Pointe Homes in the 1st quarter worth $244,000. 97.87% of the stock is owned by institutional investors.

In other news, CEO Douglas F. Bauer sold 30,787 shares of Tri Pointe Homes stock in a transaction on Monday, August 30th. The stock was sold at an average price of $24.11, for a total transaction of $742,274.57. Following the sale, the chief executive officer now directly owns 144,999 shares in the company, valued at approximately $3,495,925.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas F. Bauer sold 22,978 shares of Tri Pointe Homes stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $24.29, for a total value of $558,135.62. Following the sale, the chief executive officer now owns 214,891 shares in the company, valued at $5,219,702.39. The disclosure for this sale can be found here. Insiders have sold a total of 71,700 shares of company stock worth $1,739,726 over the last quarter. Company insiders own 1.90% of the company’s stock.

A number of brokerages recently issued reports on TPH. Royal Bank of Canada cut Tri Pointe Homes from a “sector perform” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Thursday, July 8th. Zelman & Associates upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a report on Friday, July 23rd. B. Riley restated a “buy” rating and set a $33.00 price objective (up from $31.00) on shares of Tri Pointe Homes in a research note on Friday, July 23rd. Finally, Zacks Investment Research upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, July 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.33.

Shares of NYSE:TPH opened at $22.75 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $22.85 and its two-hundred day simple moving average is $22.36. Tri Pointe Homes, Inc. has a 1-year low of $16.14 and a 1-year high of $26.35. The stock has a market cap of $2.59 billion, a PE ratio of 7.29 and a beta of 1.47.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, July 22nd. The construction company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.18. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $991.04 million. Tri Pointe Homes had a return on equity of 17.21% and a net margin of 10.55%. The business’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, sell-side analysts forecast that Tri Pointe Homes, Inc. will post 3.62 earnings per share for the current fiscal year.

About Tri Pointe Homes

Tri Pointe Homes, Inc designs constructs and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado; and Winchester Homes, consisting of operations in Maryland and Virginia.

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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