Tri Pointe Homes, Inc. (NYSE:TPH) Stock Holdings Lessened by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 96.0% during the third quarter, HoldingsChannel.com reports. The firm owned 4,307 shares of the construction company’s stock after selling 103,403 shares during the period. SG Americas Securities LLC’s holdings in Tri Pointe Homes were worth $195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in shares of Tri Pointe Homes by 132.8% during the 1st quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock valued at $4,730,000 after acquiring an additional 69,789 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in Tri Pointe Homes in the first quarter valued at about $834,000. State Board of Administration of Florida Retirement System increased its position in Tri Pointe Homes by 64.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company’s stock worth $3,219,000 after purchasing an additional 32,717 shares during the last quarter. Forge First Asset Management Inc. purchased a new stake in shares of Tri Pointe Homes during the 1st quarter worth about $3,156,000. Finally, Bamco Inc. NY acquired a new stake in shares of Tri Pointe Homes during the 1st quarter valued at about $3,295,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the sale, the chief financial officer now owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $42.51 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. Tri Pointe Homes, Inc. has a one year low of $24.18 and a one year high of $47.78. The company’s fifty day moving average price is $44.01 and its 200 day moving average price is $40.81. The company has a market capitalization of $4.03 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.76 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. As a group, analysts expect that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on TPH. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Oppenheimer increased their target price on shares of Tri Pointe Homes from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, July 25th. Royal Bank of Canada upped their price target on Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a research note 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. According to data from MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and a consensus target price of $47.25.

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 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.