Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 6.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 73,495 shares of the construction company’s stock after selling 5,267 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Tri Pointe Homes worth $3,330,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its holdings in Tri Pointe Homes by 2.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 108,572 shares of the construction company’s stock worth $4,196,000 after purchasing an additional 2,621 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tri Pointe Homes by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,976 shares of the construction company’s stock valued at $3,092,000 after buying an additional 3,384 shares during the period. Jane Street Group LLC boosted its stake in shares of Tri Pointe Homes by 171.3% in the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock valued at $11,352,000 after buying an additional 185,395 shares in the last quarter. Burney Co. grew its holdings in Tri Pointe Homes by 5.6% during the first quarter. Burney Co. now owns 45,053 shares of the construction company’s stock worth $1,742,000 after acquiring an additional 2,401 shares during the period. Finally, GAMMA Investing LLC raised its position in Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after acquiring an additional 588 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer dropped their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wedbush reissued a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tri Pointe Homes currently has an average rating of “Moderate Buy” and a consensus target price of $45.75.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $44.62 on Tuesday. Tri Pointe Homes, Inc. has a 12-month low of $28.74 and a 12-month high of $47.78. The stock has a market cap of $4.18 billion, a P/E ratio of 9.26, a PEG ratio of 0.69 and a beta of 1.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $43.26 and a two-hundred day moving average of $41.59.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. As a group, research analysts predict that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

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.