Key Points
- Director Steven Gilbert sold 50,000 shares of Tri Pointe Homes on Feb. 19 at an average price of $46.33, totaling about $2,316,500, reducing his stake by 62.24% to 30,330 shares; the sale was disclosed in an SEC filing.
- Tri Pointe shares traded around $46.30 (near a one‑year high of $46.47) with a market cap of about $3.98 billion and a P/E of 13.66, while analysts hold a consensus rating of Hold with an average price target of $42.50.
- Institutional investors own roughly 97.01% of the stock, and several hedge funds recently adjusted their positions in the company.
Tri Pointe Homes Inc. (NYSE:TPH - Get Free Report) Director Steven Gilbert sold 50,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the sale, the director owned 30,330 shares in the company, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Tri Pointe Homes Price Performance
Shares of Tri Pointe Homes stock traded down $0.02 during trading on Friday, reaching $46.30. The company's stock had a trading volume of 2,735,618 shares, compared to its average volume of 1,959,917. The stock has a 50-day moving average price of $34.93 and a two-hundred day moving average price of $34.00. The stock has a market capitalization of $3.98 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 1.38 and a beta of 1.39. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.34. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $46.47.
Hedge Funds Weigh In On Tri Pointe Homes
A number of hedge funds and other institutional investors have recently bought and sold shares of TPH. Summit Securities Group LLC bought a new stake in shares of Tri Pointe Homes during the 4th quarter valued at $27,000. Harbor Capital Advisors Inc. grew its stake in shares of Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company's stock worth $38,000 after purchasing an additional 345 shares during the period. Fulcrum Asset Management LLP bought a new stake in Tri Pointe Homes in the third quarter valued at about $44,000. Farther Finance Advisors LLC lifted its stake in Tri Pointe Homes by 306.8% in the third quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company's stock valued at $47,000 after buying an additional 1,043 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Tri Pointe Homes by 33.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company's stock valued at $54,000 after buying an additional 401 shares during the period. 97.01% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Citigroup started coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set an "outperform" rating on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Citizens Jmp started coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They set a "market outperform" rating and a $46.00 price objective on the stock. Royal Bank Of Canada increased their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the company a "sector perform" rating in a research report on Tuesday. Finally, Oppenheimer downgraded Tri Pointe Homes from an "outperform" rating to a "market perform" rating in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $42.50.
Check Out Our Latest Research Report on Tri Pointe Homes
Tri Pointe Homes Company Profile
(
Get Free Report)
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.
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