17,088 Shares in Tri Pointe Homes Inc. $TPH Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC bought a new stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) in the third quarter, Holdings Channel reports. The firm bought 17,088 shares of the construction company’s stock, valued at approximately $620,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in shares of Tri Pointe Homes by 33.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after purchasing an additional 401 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Tri Pointe Homes in the third quarter valued at approximately $209,000. Merit Financial Group LLC lifted its holdings in Tri Pointe Homes by 5.0% during the 3rd quarter. Merit Financial Group LLC now owns 8,795 shares of the construction company’s stock worth $299,000 after buying an additional 421 shares in the last quarter. Diversified Trust Co acquired a new stake in Tri Pointe Homes during the 3rd quarter worth approximately $311,000. Finally, Ethic Inc. acquired a new stake in Tri Pointe Homes during the 3rd quarter worth approximately $209,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $35.42 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $32.45 and a 200-day simple moving average of $33.18. The stock has a market cap of $3.04 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.06 and a beta of 1.35. Tri Pointe Homes Inc. has a 12-month low of $27.90 and a 12-month high of $38.96.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. The company had revenue of $836.87 million for the quarter, compared to analysts’ expectations of $782.22 million. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.Tri Pointe Homes’s quarterly revenue was down 26.6% on a year-over-year basis. During the same period last year, the firm earned $1.18 earnings per share. Equities analysts expect that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup started coverage on Tri Pointe Homes in a research report on Wednesday. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Thursday, October 30th. Citizens Jmp assumed coverage on Tri Pointe Homes in a research note on Wednesday. They set a “market outperform” rating and a $46.00 target price for the company. Evercore ISI reaffirmed an “in-line” rating and issued a $34.00 price target (down previously from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada set a $31.00 price objective on Tri Pointe Homes in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.40.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.