Tri Pointe Homes, Inc. (NYSE:TPH) Position Lowered by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 0.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,700 shares of the construction company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Tri Pointe Homes were worth $1,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new position in shares of Tri Pointe Homes in the 1st quarter worth approximately $25,000. Gradient Investments LLC bought a new position in Tri Pointe Homes during the second quarter worth $30,000. Daiwa Securities Group Inc. acquired a new position in Tri Pointe Homes in the fourth quarter worth $35,000. Evermay Wealth Management LLC bought a new stake in Tri Pointe Homes during the fourth quarter valued at $35,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Tri Pointe Homes during the fourth quarter worth $41,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, July 25th. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Oppenheimer boosted their price objective 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. Finally, Royal Bank of Canada increased their target price on Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $48.00.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $45.89 on Friday. The firm’s 50 day moving average is $40.90 and its two-hundred day moving average is $38.20. The firm has a market capitalization of $4.29 billion, a P/E ratio of 12.24, a PEG ratio of 0.68 and a beta of 1.58. The company has a current ratio of 1.29, a quick 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 posted its earnings results on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, beating 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 firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue was up 38.3% compared to the same quarter last year. Analysts anticipate that Tri Pointe Homes, Inc. will post 4.64 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In related news, CFO Glenn J. Keeler sold 24,200 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $6,882,825.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

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.