Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,495 shares of the construction company’s stock after selling 5,267 shares during the period. Thrivent Financial for Lutherans’ holdings in Tri Pointe Homes were worth $3,330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TPH. GSA Capital Partners LLP boosted its position in shares of Tri Pointe Homes by 4.4% in the third quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company’s stock worth $280,000 after acquiring an additional 258 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Tri Pointe Homes by 0.3% in the 3rd quarter. Empowered Funds LLC now owns 99,346 shares of the construction company’s stock valued at $4,501,000 after purchasing an additional 265 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after buying an additional 427 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Tri Pointe Homes by 7.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company’s stock worth $293,000 after buying an additional 519 shares during the last quarter. Finally, Diversified Trust Co raised its position in shares of Tri Pointe Homes by 4.2% in the 2nd quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock worth $496,000 after buying an additional 536 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH opened at $44.62 on Tuesday. The business’s 50-day simple moving average is $43.26 and its 200 day simple moving average is $41.59. The company has a market cap of $4.18 billion, a P/E ratio of 9.26, a PEG ratio of 0.69 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a one year low of $28.74 and a one year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. On average, sell-side analysts forecast that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Royal Bank of Canada lowered their price target on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Wedbush reissued a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Oppenheimer reduced their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tri Pointe Homes has a consensus rating of “Moderate Buy” and an average price target of $45.75.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.