Tri Pointe Homes, Inc. (NYSE:TPH) General Counsel David Ch Lee Sells 5,000 Shares

Tri Pointe Homes, Inc. (NYSE:TPH) General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the completion of the sale, the general counsel now directly owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tri Pointe Homes Stock Up 3.7 %

NYSE TPH traded up $1.61 during trading hours on Friday, reaching $44.56. 597,561 shares of the company traded hands, compared to its average volume of 932,615. Tri Pointe Homes, Inc. has a 12 month low of $24.18 and a 12 month high of $47.78. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.17 billion, a PE ratio of 11.45, a PEG ratio of 0.69 and a beta of 1.59. The company has a 50 day moving average of $42.70 and a two-hundred day moving average of $39.00.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s revenue was up 38.3% compared to the same quarter last year. As a group, equities analysts expect that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fidelis Capital Partners LLC bought a new position in shares of Tri Pointe Homes in the 1st quarter worth about $25,000. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes in the 2nd quarter worth about $30,000. Evermay Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes in the 4th quarter worth about $35,000. Assetmark Inc. increased its holdings in shares of Tri Pointe Homes by 29,825.0% in the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock worth $42,000 after acquiring an additional 1,193 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after acquiring an additional 588 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Wedbush restated a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Finally, Oppenheimer upped their target price on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $48.00.

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.