Tri Pointe Homes Inc. $TPH Shares Acquired by Perbak Capital Partners LLP

Perbak Capital Partners LLP increased its position in Tri Pointe Homes Inc. (NYSE:TPH) by 55.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 41,235 shares of the construction company’s stock after acquiring an additional 14,692 shares during the period. Perbak Capital Partners LLP’s holdings in Tri Pointe Homes were worth $1,401,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in Tri Pointe Homes by 45.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after purchasing an additional 345 shares during the period. Farther Finance Advisors LLC increased its holdings in Tri Pointe Homes by 306.8% in the third quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after buying an additional 1,043 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Tri Pointe Homes in the third quarter worth about $64,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Tri Pointe Homes by 104.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,100 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup began coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Citizens Jmp began coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target on the stock. Royal Bank Of Canada increased their target price on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Oppenheimer lowered shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.50.

Insiders Place Their Bets

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction that occurred 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 transaction, the director owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $46.27 on Friday. The stock has a 50-day moving average of $39.44 and a 200-day moving average of $35.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63. The stock has a market cap of $3.94 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.38 and a beta of 1.34. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $46.62.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The business’s quarterly revenue was down 22.5% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. As a group, sell-side analysts expect that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

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.