Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 719,901 shares of the construction company’s stock after selling 5,636 shares during the period. Fisher Asset Management LLC’s holdings in Tri Pointe Homes were worth $26,104,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in Tri Pointe Homes by 562.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,900 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Tri Pointe Homes by 51.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock valued at $84,000 after purchasing an additional 789 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Tri Pointe Homes in the third quarter valued at $184,000. Blue Trust Inc. grew its holdings in Tri Pointe Homes by 72.8% in the fourth quarter. Blue Trust Inc. now owns 4,093 shares of the construction company’s stock valued at $148,000 after purchasing an additional 1,725 shares during the last quarter. Finally, KBC Group NV grew its holdings in Tri Pointe Homes by 65.9% in the fourth quarter. KBC Group NV now owns 4,254 shares of the construction company’s stock valued at $154,000 after purchasing an additional 1,690 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, COO Thomas J. Mitchell sold 77,384 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the transaction, the chief operating officer now directly owns 708,159 shares in the company, valued at approximately $27,724,424.85. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on TPH shares. Royal Bank of Canada lowered Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Evercore ISI decreased their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Oppenheimer decreased their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Wedbush reaffirmed a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.60.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $30.97 on Tuesday. The business’s 50-day moving average price is $35.45 and its 200 day moving average price is $40.17. Tri Pointe Homes, Inc. has a twelve month low of $30.25 and a twelve month high of $47.78. The company has a market capitalization of $2.85 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. On average, research analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes declared that its board has authorized a stock buyback program on Wednesday, December 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.