Illinois Municipal Retirement Fund Sells 4,968 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Illinois Municipal Retirement Fund trimmed its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,755 shares of the construction company’s stock after selling 4,968 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Tri Pointe Homes worth $1,974,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TPH. Ronald Blue Trust Inc. raised its holdings in shares of Tri Pointe Homes by 168.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,016 shares of the construction company’s stock valued at $28,000 after buying an additional 637 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Tri Pointe Homes during the 4th quarter worth about $35,000. Nisa Investment Advisors LLC raised its holdings in Tri Pointe Homes by 105.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock worth $48,000 after purchasing an additional 700 shares during the last quarter. Blue Trust Inc. raised its holdings in Tri Pointe Homes by 73.8% during the 4th quarter. Blue Trust Inc. now owns 1,766 shares of the construction company’s stock worth $63,000 after purchasing an additional 750 shares during the last quarter. Finally, Planned Solutions Inc. bought a new stake in Tri Pointe Homes during the 4th quarter worth about $113,000. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following the sale, the chief operating officer now owns 785,543 shares in the company, valued at $27,666,824.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $36.80 on Friday. The firm has a market capitalization of $3.51 billion, a P/E ratio of 10.67, a PEG ratio of 0.76 and a beta of 1.54. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $39.08. The business has a 50-day moving average of $35.73 and a 200-day moving average of $32.86. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.46.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.24. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned $1.98 EPS. Tri Pointe Homes’s quarterly revenue was down 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.65 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada raised Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Wednesday, March 13th. Oppenheimer reissued an “outperform” rating and set a $41.00 price objective (up from $36.00) on shares of Tri Pointe Homes in a report on Wednesday, February 21st. Finally, Wedbush restated a “neutral” rating and set a $35.00 target price on shares of Tri Pointe Homes in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

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.