Tri Pointe Homes, Inc. (NYSE:TPH) COO Sells $3,029,583.60 in Stock

Tri Pointe Homes, Inc. (NYSE:TPH) COO Thomas J. Mitchell sold 77,384 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the sale, the chief operating officer now owns 708,159 shares in the company, valued at $27,724,424.85. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Tri Pointe Homes Stock Performance

Tri Pointe Homes stock traded down $0.90 on Tuesday, reaching $38.17. 721,148 shares of the stock were exchanged, compared to its average volume of 877,315. Tri Pointe Homes, Inc. has a twelve month low of $32.79 and a twelve month high of $47.78. The stock has a market cap of $3.57 billion, a PE ratio of 8.11, a PEG ratio of 0.64 and a beta of 1.60. The firm has a fifty day moving average price of $42.40 and a two-hundred day moving average price of $41.90. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. Sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

Institutional Investors Weigh In On Tri Pointe Homes

Hedge funds have recently made changes to their positions in the stock. CWM LLC increased its position in shares of Tri Pointe Homes by 70.8% during the second quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after purchasing an additional 920 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Tri Pointe Homes in the second quarter worth about $254,000. Blue Trust Inc. lifted its stake in Tri Pointe Homes by 31.7% during the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares during the period. Raymond James & Associates boosted its holdings in Tri Pointe Homes by 18.9% during the second quarter. Raymond James & Associates now owns 174,937 shares of the construction company’s stock valued at $6,516,000 after purchasing an additional 27,791 shares in the last quarter. Finally, Summit Global Investments grew its stake in shares of Tri Pointe Homes by 3.1% in the 2nd quarter. Summit Global Investments now owns 37,579 shares of the construction company’s stock valued at $1,400,000 after purchasing an additional 1,131 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

TPH has been the subject of a number of analyst reports. Wedbush reissued a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada cut their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Oppenheimer reduced their target price on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price for the company in a research note on Tuesday, September 17th. Two equities research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.

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.