Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,037 shares of the construction company’s stock after selling 1,704 shares during the quarter. Amalgamated Bank’s holdings in Tri Pointe Homes were worth $1,082,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in Tri Pointe Homes by 132.8% in the 1st quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock valued at $4,730,000 after purchasing an additional 69,789 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in Tri Pointe Homes during the first quarter worth about $834,000. State Board of Administration of Florida Retirement System grew its stake in Tri Pointe Homes by 64.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company’s stock valued at $3,219,000 after acquiring an additional 32,717 shares in the last quarter. SG Americas Securities LLC raised its holdings in Tri Pointe Homes by 3,110.4% in the 2nd quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock valued at $4,012,000 after acquiring an additional 104,355 shares during the last quarter. Finally, Forge First Asset Management Inc. purchased a new position in Tri Pointe Homes in the 1st quarter worth approximately $3,156,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TPH. Oppenheimer upped their price target on 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 set a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, July 25th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a research report on Tuesday, September 17th. Royal Bank of Canada raised their price objective on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.75.

Insider Buying and Selling at Tri Pointe Homes

In other news, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which is available at this link. In related 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 transaction, the chief financial officer now owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Tri Pointe Homes Stock Down 0.6 %

Shares of NYSE:TPH opened at $43.84 on Friday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.74 and a beta of 1.59. Tri Pointe Homes, Inc. has a 12-month low of $24.18 and a 12-month high of $47.78. The business has a 50-day moving average price of $43.59 and a 200 day moving average price of $39.66. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30.

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. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. Sell-side analysts expect that Tri Pointe Homes, Inc. will post 4.68 EPS 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.