State of Wyoming Decreases Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

State of Wyoming lowered its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 18.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,184 shares of the construction company’s stock after selling 3,012 shares during the quarter. State of Wyoming’s holdings in Tri Pointe Homes were worth $478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TPH. Vanguard Group Inc. lifted its holdings in shares of Tri Pointe Homes by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company’s stock valued at $419,666,000 after acquiring an additional 143,365 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Tri Pointe Homes during the fourth quarter valued at approximately $118,407,000. Geode Capital Management LLC lifted its stake in shares of Tri Pointe Homes by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company’s stock valued at $91,748,000 after purchasing an additional 44,160 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Tri Pointe Homes by 5.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company’s stock worth $73,850,000 after purchasing an additional 102,187 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Tri Pointe Homes by 14.0% in the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company’s stock worth $70,579,000 after purchasing an additional 238,807 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction on Monday, April 28th. The stock was sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the sale, the chief executive officer now directly owns 627,833 shares of the company’s stock, valued at $18,929,164.95. The trade was a 16.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

Tri Pointe Homes Stock Performance

TPH stock opened at $31.53 on Tuesday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $30.97 and its two-hundred day simple moving average is $35.20.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The business had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. During the same period in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was down 21.5% compared to the same quarter last year. Analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TPH shares. Oppenheimer decreased their price target on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Wedbush raised shares of Tri Pointe Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Finally, Evercore ISI reduced their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

Tri Pointe Homes 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 regional home building brands comprising 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 and Northern Virginia.