Vanguard Personalized Indexing Management LLC Sells 990 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Vanguard Personalized Indexing Management LLC lessened its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,410 shares of the construction company’s stock after selling 990 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Tri Pointe Homes were worth $202,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in shares of Tri Pointe Homes in the 1st quarter valued at about $25,000. Gradient Investments LLC bought a new stake in shares of Tri Pointe Homes during the 2nd quarter valued at about $30,000. GAMMA Investing LLC boosted its position in shares of Tri Pointe Homes by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after purchasing an additional 588 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after purchasing an additional 427 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after purchasing an additional 920 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value 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 $3,798,869.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $1,117,072.00. Following the completion of the transaction, the chief financial officer now directly 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 accessible through this hyperlink. Also, General Counsel David Ch Lee sold 5,000 shares of the company’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 of the company’s stock, valued at $3,798,869.76. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Tri Pointe Homes Stock Up 0.7 %

TPH stock opened at $45.31 on Tuesday. The company has a market cap of $4.24 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. Tri Pointe Homes, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $47.78. The stock’s 50 day simple moving average is $43.57 and its 200 day simple moving average is $39.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.07 billion. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The company’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. On average, research analysts expect that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current fiscal year.

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.