Swiss National Bank Has $8.39 Million Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Swiss National Bank lessened its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 1.9% in the third quarter, Holdings Channel.com reports. The fund owned 185,247 shares of the construction company’s stock after selling 3,600 shares during the quarter. Swiss National Bank’s holdings in Tri Pointe Homes were worth $8,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TPH. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes during the second quarter worth $30,000. Reston Wealth Management LLC acquired a new position in Tri Pointe Homes in the third quarter valued at about $45,000. GAMMA Investing LLC boosted its holdings in Tri Pointe Homes by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after buying an additional 588 shares during the last quarter. Blue Trust Inc. grew its position 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 worth $69,000 after buying an additional 427 shares during the period. Finally, CWM LLC increased its stake in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after acquiring an additional 920 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Tri Pointe Homes Price Performance

Shares of TPH opened at $44.62 on Tuesday. The stock has a 50 day simple moving average of $43.26 and a 200 day simple moving average of $41.59. Tri Pointe Homes, Inc. has a 52-week low of $28.74 and a 52-week high of $47.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $4.18 billion, a PE ratio of 9.26, a P/E/G ratio of 0.69 and a beta of 1.60.

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

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.