DekaBank Deutsche Girozentrale Has $174,000 Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

DekaBank Deutsche Girozentrale lowered its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 40.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,748 shares of the construction company’s stock after selling 3,168 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Tri Pointe Homes were worth $174,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Oliver Luxxe Assets LLC increased 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 valued at $1,137,000 after buying an additional 354 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Tri Pointe Homes by 1.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock valued at $959,000 after acquiring an additional 376 shares during the last quarter. Blue Trust Inc. increased its position 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 worth $69,000 after purchasing an additional 427 shares during the period. Quadrant Capital Group LLC raised its holdings in 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 during the last quarter. Finally, Diversified Trust Co lifted its position in Tri Pointe Homes by 4.2% during the 2nd quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock valued at $496,000 after purchasing an additional 536 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TPH shares. Oppenheimer upped their target price on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, July 25th. Royal Bank of Canada raised their target price on Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. 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 research note on Tuesday. Finally, Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Tri Pointe Homes Trading Down 2.8 %

NYSE TPH opened at $44.73 on Friday. Tri Pointe Homes, Inc. has a one year low of $24.18 and a one year high of $47.78. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $4.19 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.73 and a beta of 1.59. The stock’s 50-day moving average is $43.52 and its 200-day moving average is $39.41.

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

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, CFO Glenn J. Keeler sold 24,200 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 149,108 shares in the company, valued at approximately $6,882,825.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, General Counsel David Ch Lee sold 5,000 shares of the 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 completion of the transaction, the general counsel now owns 85,792 shares in the company, valued at $3,798,869.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the completion of the transaction, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

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.