Tri Pointe Homes (NYSE:TPH) Director Steven Gilbert Sells 50,000 Shares

Tri Pointe Homes Inc. (NYSE:TPH) Director Steven Gilbert sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the sale, the director owned 30,330 shares in the company, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock traded down $0.02 during trading on Thursday, hitting $46.32. 4,204,928 shares of the stock were exchanged, compared to its average volume of 1,986,004. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. Tri Pointe Homes Inc. has a 12 month low of $27.90 and a 12 month high of $46.47. The stock’s fifty day moving average is $34.93 and its 200 day moving average is $34.00. The stock has a market cap of $3.98 billion, a PE ratio of 13.66, a P/E/G ratio of 1.38 and a beta of 1.39.

Analyst Upgrades and Downgrades

TPH has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday. Oppenheimer cut shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Citizens Jmp started coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target for the company. Citigroup assumed coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Tri Pointe Homes currently has an average rating of “Hold” and a consensus price target of $42.50.

Institutional Investors Weigh In On Tri Pointe Homes

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in Tri Pointe Homes by 19.1% in the 1st quarter. Royal Bank of Canada now owns 72,740 shares of the construction company’s stock worth $2,322,000 after purchasing an additional 11,668 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tri Pointe Homes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,879 shares of the construction company’s stock worth $1,752,000 after buying an additional 2,398 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Tri Pointe Homes by 5.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,772 shares of the construction company’s stock worth $312,000 after acquiring an additional 500 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Tri Pointe Homes by 76.2% during the second quarter. AlphaQuest LLC now owns 38,259 shares of the construction company’s stock valued at $1,222,000 after acquiring an additional 16,549 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Tri Pointe Homes by 2.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 63,182 shares of the construction company’s stock valued at $2,019,000 after acquiring an additional 1,671 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.