Inspire Investing LLC Has $464,000 Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Inspire Investing LLC cut its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,248 shares of the construction company’s stock after selling 404 shares during the period. Inspire Investing LLC’s holdings in Tri Pointe Homes were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new stake in Tri Pointe Homes during the 1st quarter worth $25,000. Gradient Investments LLC bought a new position in shares of Tri Pointe Homes during the 2nd quarter valued at about $30,000. GAMMA Investing LLC grew its position in shares of Tri Pointe Homes by 63.1% in 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 during the period. Blue Trust Inc. increased its stake in Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares in the last quarter. Finally, CWM LLC raised its holdings in Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after buying an additional 920 shares during the period. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TPH shares. Royal Bank of Canada increased their price objective on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a 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 target on the stock in a report on Tuesday, September 17th. Oppenheimer increased their price objective on Tri Pointe Homes from $54.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Wedbush reissued a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.25.

Insider Buying and Selling

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 shares were 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 owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Glenn J. Keeler sold 24,200 shares of the business’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 transaction of $1,117,072.00. Following the transaction, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction 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 sale, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Tri Pointe Homes Trading Up 2.7 %

Tri Pointe Homes stock opened at $44.84 on Tuesday. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 0.71 and a beta of 1.59. The firm has a 50-day moving average of $43.41 and a 200-day moving average of $40.47. 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, Inc. has a one year low of $24.18 and a one year 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 EPS for the quarter, beating the consensus estimate of $1.09 by $0.16. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. On average, equities analysts expect that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current fiscal year.

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.