Victory Capital Management Inc. Grows Stake in Tri Pointe Homes Inc. $TPH

Victory Capital Management Inc. increased its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 11.4% in the third quarter, Holdings Channel reports. The firm owned 815,037 shares of the construction company’s stock after purchasing an additional 83,166 shares during the period. Victory Capital Management Inc.’s holdings in Tri Pointe Homes were worth $27,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TPH. Royal Bank of Canada increased its holdings in Tri Pointe Homes by 19.1% in the first quarter. Royal Bank of Canada now owns 72,740 shares of the construction company’s stock valued at $2,322,000 after buying an additional 11,668 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Tri Pointe Homes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,879 shares of the construction company’s stock valued at $1,752,000 after buying an additional 2,398 shares in the last quarter. Atria Investments Inc raised its stake in shares of Tri Pointe Homes by 2.1% during the 2nd quarter. Atria Investments Inc now owns 20,685 shares of the construction company’s stock worth $661,000 after buying an additional 427 shares during the period. Savant Capital LLC purchased a new position in shares of Tri Pointe Homes during the 2nd quarter valued at approximately $792,000. Finally, Wedbush Securities Inc. purchased a new stake in Tri Pointe Homes in the 2nd quarter worth $343,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Up 0.0%

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

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $972.63 million for the quarter, compared to analyst estimates of $917.86 million. During the same period last year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was down 22.5% compared to the same quarter last year. Research analysts expect that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

TPH has been the topic of several recent analyst reports. Citigroup assumed coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Citizens Jmp assumed coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target on the stock. Finally, Royal Bank Of Canada lifted their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tri Pointe Homes currently has a consensus rating of “Hold” and a consensus target price of $42.50.

Insider Transactions at Tri Pointe Homes

In related news, Director Steven J. Gilbert sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the transaction, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

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.