Evergreen Capital Management LLC Has $293,000 Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Evergreen Capital Management LLC boosted its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,863 shares of the construction company’s stock after acquiring an additional 519 shares during the quarter. Evergreen Capital Management LLC’s holdings in Tri Pointe Homes were worth $293,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TPH. Fidelis Capital Partners LLC bought a new stake in shares of Tri Pointe Homes in the first quarter worth $25,000. Gradient Investments LLC bought a new stake in shares of Tri Pointe Homes in the 2nd quarter valued at about $30,000. Assetmark Inc. increased its stake in shares of Tri Pointe Homes by 29,825.0% in the fourth quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after buying an additional 1,193 shares during the period. GAMMA Investing LLC raised its position in shares of Tri Pointe Homes by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after acquiring an additional 588 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Tri Pointe Homes by 31.7% during the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after acquiring an additional 427 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

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

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $45.01 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes, Inc. has a twelve month low of $24.18 and a twelve month high of $47.78. The company has a fifty day moving average of $43.58 and a 200-day moving average of $39.68. The firm has a market capitalization of $4.21 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.74 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.16. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 4.68 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Wedbush reiterated a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Royal Bank of Canada lifted their target price on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. 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. Finally, Oppenheimer increased their price target on Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average target price of $46.75.

Tri Pointe Homes 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.