Tri Pointe Homes Inc. $TPH Stake Lessened by US Bancorp DE

US Bancorp DE decreased its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 52.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,080 shares of the construction company’s stock after selling 20,247 shares during the quarter. US Bancorp DE’s holdings in Tri Pointe Homes were worth $614,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Tri Pointe Homes by 1.0% in the second quarter. State Street Corp now owns 4,556,255 shares of the construction company’s stock valued at $145,572,000 after buying an additional 44,574 shares during the period. American Century Companies Inc. grew its holdings in Tri Pointe Homes by 13.3% during the second quarter. American Century Companies Inc. now owns 2,502,818 shares of the construction company’s stock worth $79,965,000 after acquiring an additional 293,652 shares during the period. JPMorgan Chase & Co. grew its holdings in Tri Pointe Homes by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 1,008,454 shares of the construction company’s stock worth $34,257,000 after acquiring an additional 130,855 shares during the period. Boston Partners raised its position in Tri Pointe Homes by 60.3% in the second quarter. Boston Partners now owns 820,492 shares of the construction company’s stock worth $26,217,000 after acquiring an additional 308,751 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Tri Pointe Homes by 20.5% in the second quarter. Bank of America Corp DE now owns 819,976 shares of the construction company’s stock worth $26,198,000 after acquiring an additional 139,228 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Price Performance

NYSE TPH opened at $46.37 on Monday. The stock’s 50-day moving average price is $37.97 and its two-hundred day moving average price is $34.96. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.95 billion, a PE ratio of 17.05, a PEG ratio of 1.38 and a beta of 1.33. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $46.62.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The company had revenue of $972.63 million during the quarter, compared to analyst estimates of $917.86 million. During the same period in the prior year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was down 22.5% on a year-over-year basis. On average, analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Insider Activity

In related news, Director Steven J. Gilbert sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the sale, the director owned 30,330 shares in the company, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Citizens Jmp assumed coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 target price for the company. Citigroup began coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Royal Bank Of Canada upped their price target on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, Oppenheimer downgraded Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.50.

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.