Swiss National Bank Has $8.39 Million Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Swiss National Bank lessened its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,247 shares of the construction company’s stock after selling 3,600 shares during the period. Swiss National Bank owned approximately 0.20% of Tri Pointe Homes worth $8,394,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gradient Investments LLC acquired a new position in shares of Tri Pointe Homes in the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC bought a new stake in Tri Pointe Homes in the third quarter valued at $45,000. GAMMA Investing LLC raised its stake in Tri Pointe Homes by 63.1% during 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. Blue Trust Inc. lifted its holdings in shares of Tri Pointe Homes by 31.7% during the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after acquiring an additional 427 shares during the period. Finally, CWM LLC boosted its stake in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after purchasing an additional 920 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Oppenheimer cut their price target 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. Royal Bank of Canada cut their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wedbush restated a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report 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 target for the company in a report on Tuesday, September 17th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tri Pointe Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.

Insider Activity

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Tri Pointe Homes Trading Up 4.7 %

Shares of NYSE TPH opened at $44.62 on Tuesday. Tri Pointe Homes, Inc. has a 1-year low of $28.74 and a 1-year high of $47.78. The company has a 50-day moving average of $43.26 and a two-hundred day moving average of $41.59. The company has a market cap of $4.18 billion, a PE ratio of 9.26, a P/E/G 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.

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

About Tri Pointe Homes

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.