Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) CEO Douglas F. Bauer sold 56,567 shares of Tri Pointe Homes stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.78, for a total value of $2,250,235.26. Following the completion of the transaction, the chief executive officer now owns 677,816 shares of the company's stock, valued at $26,963,520.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tri Pointe Homes Stock Down 0.0 %
TPH opened at $39.58 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $3.76 billion, a PE ratio of 10.55, a P/E/G ratio of 0.68 and a beta of 1.54. The stock's fifty day moving average is $36.61 and its 200-day moving average is $34.05. Tri Pointe Homes, Inc. has a one year low of $24.18 and a one year high of $40.13.
Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.69 by $0.34. The business had revenue of $918.40 million during the quarter, compared to analyst estimates of $867.77 million. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. On average, equities analysts predict that Tri Pointe Homes, Inc. will post 4.49 EPS for the current fiscal year.
Hedge Funds Weigh In On Tri Pointe Homes
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in shares of Tri Pointe Homes by 63.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company's stock worth $138,539,000 after buying an additional 1,524,401 shares during the period. GW&K Investment Management LLC acquired a new stake in Tri Pointe Homes during the 4th quarter valued at $24,389,000. Norges Bank purchased a new stake in shares of Tri Pointe Homes in the fourth quarter valued at $22,862,000. American Century Companies Inc. boosted its position in shares of Tri Pointe Homes by 21.7% in the third quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company's stock worth $46,040,000 after buying an additional 300,383 shares during the period. Finally, Richard Bernstein Advisors LLC purchased a new stake in Tri Pointe Homes in the 3rd quarter worth about $4,886,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Wedbush reiterated a "neutral" rating and issued a $35.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, April 25th. Oppenheimer raised their price target on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Finally, StockNews.com upgraded Tri Pointe Homes from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.60.
Read Our Latest Research Report on TPH
Tri Pointe Homes Company Profile
(
Get Free Report)
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.
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