Tri Pointe Homes Inc. $TPH Shares Sold by UBS Group AG

UBS Group AG lessened its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 38.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 389,999 shares of the construction company’s stock after selling 247,275 shares during the quarter. UBS Group AG’s holdings in Tri Pointe Homes were worth $12,273,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TPH. Fulcrum Asset Management LLP acquired a new position in shares of Tri Pointe Homes during the 3rd quarter worth about $44,000. Nisa Investment Advisors LLC increased its holdings in shares of Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after acquiring an additional 401 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Tri Pointe Homes by 35.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,876 shares of the construction company’s stock worth $59,000 after acquiring an additional 493 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Tri Pointe Homes during the third quarter worth approximately $64,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Tri Pointe Homes by 104.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,100 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TPH has been the subject of a number of research analyst reports. Oppenheimer downgraded Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Weiss Ratings downgraded shares of Tri Pointe Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada upped their target price on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.50.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction 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 transaction, the director directly owned 30,330 shares in the company, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.20% of the company’s stock.

Tri Pointe Homes Price Performance

TPH stock opened at $46.97 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.00 billion, a P/E ratio of 22.37, a PEG ratio of 1.37 and a beta of 1.16. The business has a 50 day simple moving average of $46.72 and a 200-day simple moving average of $39.14. Tri Pointe Homes Inc. has a twelve month low of $28.72 and a twelve month high of $46.99.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Wednesday, April 29th. The construction company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). Tri Pointe Homes had a net margin of 5.77% and a return on equity of 6.24%. The business had revenue of $507.90 million during the quarter, compared to analyst estimates of $495.67 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The business’s revenue was down 29.7% compared to the same quarter last year. As a group, equities analysts anticipate that Tri Pointe Homes Inc. will post 2.64 EPS for the current year.

Tri Pointe Homes Company Profile

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.