nVerses Capital LLC Invests $149,000 in Tri Pointe Homes, Inc. (NYSE:TPH)

nVerses Capital LLC purchased a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,000 shares of the construction company’s stock, valued at approximately $149,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oliver Luxxe Assets LLC lifted its stake in shares of Tri Pointe Homes by 1.2% in the 1st quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock worth $1,137,000 after acquiring an additional 354 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Tri Pointe Homes by 1.5% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock valued at $959,000 after purchasing an additional 376 shares in the last quarter. Blue Trust Inc. lifted its holdings in Tri Pointe Homes by 31.7% in 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. Quadrant Capital Group LLC boosted its position in shares of Tri Pointe Homes by 21.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,748 shares of the construction company’s stock worth $97,000 after purchasing an additional 487 shares in the last quarter. Finally, Diversified Trust Co grew its stake in shares of Tri Pointe Homes by 4.2% during the 2nd quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock worth $496,000 after purchasing an additional 536 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TPH. Oppenheimer boosted their price objective on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada boosted 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. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Finally, Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $48.00.

Insider Transactions at Tri Pointe Homes

In related news, CFO Glenn J. Keeler sold 24,200 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at $6,882,825.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Tri Pointe Homes Trading Up 0.9 %

Shares of Tri Pointe Homes stock opened at $44.44 on Tuesday. Tri Pointe Homes, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $47.78. The business’s fifty day moving average is $41.64 and its two-hundred day moving average is $38.58. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm has a market cap of $4.16 billion, a PE ratio of 11.85, a P/E/G ratio of 0.73 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. Analysts anticipate that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current year.

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.