David Ch Lee Sells 5,000 Shares of Tri Pointe Homes, Inc. (NYSE:TPH) Stock

Tri Pointe Homes, Inc. (NYSE:TPH) General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $44.56 on Friday. The company’s 50-day moving average is $42.87 and its 200 day moving average is $39.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $4.17 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59. Tri Pointe Homes, Inc. has a fifty-two week low of $24.18 and a fifty-two week 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, equities research analysts forecast that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on TPH shares. Wedbush reaffirmed a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, July 25th. Oppenheimer lifted their price objective on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $48.00.

Institutional Investors Weigh In On Tri Pointe Homes

Several institutional investors have recently added to or reduced their stakes in the business. Aristides Capital LLC purchased a new stake in Tri Pointe Homes during the second quarter valued at about $247,000. Truist Financial Corp purchased a new stake in Tri Pointe Homes during the second quarter valued at about $1,431,000. Quarry LP lifted its holdings in Tri Pointe Homes by 123.3% during the second quarter. Quarry LP now owns 2,401 shares of the construction company’s stock valued at $89,000 after purchasing an additional 1,326 shares during the last quarter. Creative Planning lifted its holdings in Tri Pointe Homes by 43.0% during the second quarter. Creative Planning now owns 13,503 shares of the construction company’s stock valued at $503,000 after purchasing an additional 4,063 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in Tri Pointe Homes by 69.9% during the second quarter. Algert Global LLC now owns 296,892 shares of the construction company’s stock valued at $11,059,000 after purchasing an additional 122,157 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.