Steven Gilbert Sells 50,000 Shares of Tri Pointe Homes (NYSE:TPH) Stock

Tri Pointe Homes Inc. (NYSE:TPH) Director Steven Gilbert sold 50,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Tri Pointe Homes Stock Down 0.0%

Tri Pointe Homes stock traded down $0.02 during trading on Thursday, reaching $46.32. 4,204,928 shares of the company’s stock were exchanged, compared to its average volume of 1,986,004. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $46.47. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 1.38 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The company’s 50-day moving average is $34.93 and its two-hundred day moving average is $34.00.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TPH. Citigroup started coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Citizens Jmp began coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective for the company. Royal Bank Of Canada lifted their target price on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Oppenheimer downgraded Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.50.

Institutional Trading of Tri Pointe Homes

Institutional investors and hedge funds have recently modified their holdings of the business. Vident Advisory LLC lifted its position in shares of Tri Pointe Homes by 2.1% in the 4th quarter. Vident Advisory LLC now owns 26,010 shares of the construction company’s stock worth $819,000 after buying an additional 526 shares during the last quarter. NewEdge Advisors LLC bought a new position in Tri Pointe Homes in the fourth quarter worth about $553,000. Empowered Funds LLC boosted its stake in Tri Pointe Homes by 35.6% in the fourth quarter. Empowered Funds LLC now owns 56,847 shares of the construction company’s stock valued at $1,789,000 after acquiring an additional 14,915 shares during the period. Voloridge Investment Management LLC boosted its stake in Tri Pointe Homes by 10.4% in the fourth quarter. Voloridge Investment Management LLC now owns 511,521 shares of the construction company’s stock valued at $16,098,000 after acquiring an additional 48,275 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in shares of Tri Pointe Homes during the 4th quarter worth approximately $1,998,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Company Profile

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.