O Keefe Stevens Advisory Inc. Cuts Position in Tri Pointe Homes, Inc. (NYSE:TPH)

O Keefe Stevens Advisory Inc. cut its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,904 shares of the construction company’s stock after selling 509 shares during the period. Tri Pointe Homes comprises approximately 3.2% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 13th biggest holding. O Keefe Stevens Advisory Inc. owned about 0.24% of Tri Pointe Homes worth $10,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in Tri Pointe Homes in the first quarter worth $25,000. Gradient Investments LLC purchased a new position in shares of Tri Pointe Homes in the 2nd quarter worth about $30,000. GAMMA Investing LLC grew its position in Tri Pointe Homes by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after buying an additional 588 shares during the period. Blue Trust Inc. increased its holdings 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 buying an additional 427 shares during the last quarter. Finally, CWM LLC raised its position in Tri Pointe Homes by 70.8% in the second quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after acquiring an additional 920 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was 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 directly owns 85,792 shares in the company, valued at $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, 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 sale, the chief financial officer now owns 149,108 shares in the company, valued at approximately $6,882,825.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Tri Pointe Homes Trading Up 0.0 %

NYSE:TPH opened at $43.63 on Wednesday. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $47.78. The stock’s fifty day moving average price is $43.43 and its two-hundred day moving average price is $40.24. 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 company has a market cap of $4.08 billion, a P/E ratio of 11.63, a P/E/G ratio of 0.72 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last issued its 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. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue was up 38.3% compared to the same quarter last year. As a group, analysts expect that Tri Pointe Homes, Inc. will post 4.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TPH. Royal Bank of Canada increased their target price on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Wedbush restated a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Oppenheimer increased their price target on Tri Pointe Homes from $54.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a research note 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.25.

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.