Algert Global LLC Sells 18,141 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Algert Global LLC decreased its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 6.1% during the third quarter, HoldingsChannel.com reports. The fund owned 278,751 shares of the construction company’s stock after selling 18,141 shares during the period. Algert Global LLC’s holdings in Tri Pointe Homes were worth $12,630,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Gradient Investments LLC bought a new stake in Tri Pointe Homes during the second quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes in the third quarter worth $45,000. GAMMA Investing LLC lifted its stake in shares of Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after buying an additional 588 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after buying an additional 427 shares during the period. Finally, CWM LLC grew its stake in Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after buying an additional 920 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Stock Performance

TPH stock opened at $42.62 on Friday. The company has a 50 day moving average price of $43.26 and a 200 day moving average price of $41.53. Tri Pointe Homes, Inc. has a fifty-two week low of $28.74 and a fifty-two week high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $3.99 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. Analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

TPH has been the subject of a number of recent analyst reports. Oppenheimer decreased their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price on the stock in a report on Tuesday, September 17th. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Wedbush reissued a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.75.

About Tri Pointe Homes

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.