Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 538,200 shares of the construction company’s stock, valued at approximately $9,284,000.
Several other institutional investors also recently made changes to their positions in TPH. Lazard Asset Management LLC boosted its stake in Tri Pointe Homes by 24.4% in the 4th quarter. Lazard Asset Management LLC now owns 4,084 shares of the construction company’s stock worth $70,000 after purchasing an additional 801 shares in the last quarter. Strs Ohio raised its holdings in shares of Tri Pointe Homes by 557.1% in the third quarter. Strs Ohio now owns 4,600 shares of the construction company’s stock worth $83,000 after buying an additional 3,900 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Tri Pointe Homes in the fourth quarter worth $100,000. Neo Ivy Capital Management purchased a new stake in shares of Tri Pointe Homes during the fourth quarter valued at $119,000. Finally, Marshall Wace LLP purchased a new stake in shares of Tri Pointe Homes during the first quarter valued at $179,000.
In related news, Director Steven J. Gilbert sold 6,972 shares of Tri Pointe Homes stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $20.43, for a total value of $142,437.96. Following the sale, the director now owns 56,892 shares of the company’s stock, valued at approximately $1,162,303.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas F. Bauer sold 62,974 shares of the business’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $20.31, for a total transaction of $1,279,001.94. Following the completion of the sale, the chief executive officer now directly owns 138,583 shares of the company’s stock, valued at approximately $2,814,620.73. The disclosure for this sale can be found here. Insiders have sold 83,115 shares of company stock worth $1,686,268 over the last three months. 1.80% of the stock is currently owned by insiders.
A number of analysts have commented on TPH shares. Royal Bank of Canada cut Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $22.00 to $19.00 in a research report on Friday, January 8th. Zacks Investment Research downgraded Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Wednesday, February 24th. Wolfe Research assumed coverage on shares of Tri Pointe Homes in a report on Monday, March 22nd. They issued a “peer perform” rating on the stock. Finally, Janney Montgomery Scott initiated coverage on shares of Tri Pointe Homes in a research report on Thursday, January 21st. They set a “buy” rating and a $26.00 price target for the company. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Tri Pointe Homes presently has an average rating of “Buy” and a consensus target price of $19.71.
Tri Pointe Homes stock opened at $21.40 on Thursday. The business’s 50-day moving average price is $19.86 and its 200 day moving average price is $18.64. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 10.05 and a beta of 1.59. Tri Pointe Homes, Inc. has a 52 week low of $9.23 and a 52 week high of $22.17.
Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, February 18th. The construction company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.28. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $923.98 million. Tri Pointe Homes had a return on equity of 13.70% and a net margin of 8.54%. Equities analysts expect that Tri Pointe Homes, Inc. will post 1.98 EPS for the current year.
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 brands, including 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, Virginia, and the District of Columbia.
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