Algert Global LLC Increases Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Algert Global LLC grew its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 69.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 296,892 shares of the construction company’s stock after buying an additional 122,157 shares during the quarter. Tri Pointe Homes accounts for approximately 0.4% of Algert Global LLC’s portfolio, making the stock its 29th biggest position. Algert Global LLC owned approximately 0.31% of Tri Pointe Homes worth $11,059,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oliver Luxxe Assets LLC boosted 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 lifted its stake in Tri Pointe Homes by 1.5% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock worth $959,000 after purchasing an additional 376 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 purchasing an additional 427 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Tri Pointe Homes by 7.1% during the second quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company’s stock worth $293,000 after purchasing an additional 519 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in Tri Pointe Homes by 4.2% during the second 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 last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

TPH has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Royal Bank of Canada boosted their target price 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. Oppenheimer boosted their target price on Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Zelman & Associates raised 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. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.75.

Tri Pointe Homes Trading Up 2.7 %

TPH opened at $45.01 on Friday. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. Tri Pointe Homes, Inc. has a 52 week low of $24.18 and a 52 week high of $47.78. The business’s 50 day moving average is $43.58 and its two-hundred day moving average is $39.76. 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 (NYSE:TPH) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.09 by $0.16. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The firm’s revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, research analysts predict that Tri Pointe Homes, Inc. will post 4.68 EPS for the current year.

Insider Activity

In other news, CFO Glenn J. Keeler sold 24,200 shares of the business’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 value of $1,117,072.00. Following the transaction, the chief financial officer now owns 149,108 shares of the company’s stock, valued at $6,882,825.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Glenn J. Keeler sold 24,200 shares of the business’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 value of $1,117,072.00. Following the transaction, the chief financial officer now owns 149,108 shares of the company’s stock, valued at $6,882,825.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

About Tri Pointe Homes

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.