Public Employees Retirement Association of Colorado Has $162,000 Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Public Employees Retirement Association of Colorado boosted its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 291.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,340 shares of the construction company’s stock after acquiring an additional 3,231 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Tri Pointe Homes were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TPH. BNP Paribas Financial Markets lifted its holdings in shares of 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 worth $4,730,000 after purchasing an additional 69,789 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Tri Pointe Homes in the first quarter valued at $834,000. State Board of Administration of Florida Retirement System grew its holdings in shares of Tri Pointe Homes by 64.7% during the first 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 buying an additional 32,717 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Tri Pointe Homes by 3,110.4% during the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock worth $4,012,000 after acquiring an additional 104,355 shares in the last quarter. Finally, Forge First Asset Management Inc. acquired a new stake in shares of Tri Pointe Homes in the 1st quarter worth about $3,156,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the 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 completion of the transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $1,117,072.00. Following the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at approximately $6,882,825.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction that occurred 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 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 currently owned by company insiders.

Tri Pointe Homes Stock Up 2.7 %

Shares of NYSE:TPH opened at $45.01 on Monday. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $47.78. The company has a market capitalization of $4.21 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. The business has a fifty day moving average price of $43.58 and a two-hundred day moving average price of $39.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. The business 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 firm’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Analysts forecast that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.