Tri Pointe Homes, Inc. (NYSE:TPH) Stock Position Increased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,393 shares of the construction company’s stock after purchasing an additional 1,570 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Tri Pointe Homes were worth $1,430,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC bought a new position in Tri Pointe Homes in the 4th quarter worth approximately $213,000. Janney Montgomery Scott LLC increased its holdings in shares of Tri Pointe Homes by 73.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,538 shares of the construction company’s stock valued at $550,000 after purchasing an additional 6,581 shares during the period. Norges Bank bought a new stake in shares of Tri Pointe Homes during the fourth quarter valued at about $22,862,000. PNC Financial Services Group Inc. lifted its holdings in Tri Pointe Homes by 94.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,407 shares of the construction company’s stock worth $262,000 after purchasing an additional 3,588 shares during the period. Finally, Assetmark Inc. grew its position in Tri Pointe Homes by 29,825.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of NYSE TPH opened at $44.95 on Wednesday. The stock’s fifty day simple moving average is $43.59 and its 200 day simple moving average is $39.62. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.73 and a beta of 1.59. 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 52-week low of $24.18 and a 52-week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business posted $0.60 EPS. Tri Pointe Homes’s revenue was up 38.3% on a year-over-year basis. As a group, sell-side analysts forecast that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

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

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.