Federated Hermes Inc. Buys 34,666 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Federated Hermes Inc. boosted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 10,048.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,011 shares of the construction company’s stock after buying an additional 34,666 shares during the quarter. Federated Hermes Inc.’s holdings in Tri Pointe Homes were worth $1,304,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPH. Fidelis Capital Partners LLC purchased a new stake in shares of Tri Pointe Homes in the 1st quarter worth $25,000. Gradient Investments LLC bought a new position in Tri Pointe Homes during the 2nd quarter worth about $30,000. Evermay Wealth Management LLC purchased a new position in Tri Pointe Homes during the 4th quarter valued at about $35,000. Assetmark Inc. raised its holdings in shares of Tri Pointe Homes by 29,825.0% in the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after purchasing an additional 1,193 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after purchasing an additional 588 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research note on Tuesday, September 17th. Royal Bank of Canada lifted their target price on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Wedbush reissued a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Finally, 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 research report on Friday, July 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.75.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock opened at $44.73 on Friday. The company has a 50 day moving average price of $43.52 and a 200 day moving average price of $39.44. The firm has a market capitalization of $4.24 billion, a P/E ratio of 11.93, a PEG ratio of 0.73 and a beta of 1.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes, Inc. has a 52 week low of $24.18 and a 52 week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.09 by $0.16. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. Sell-side analysts expect that Tri Pointe Homes, Inc. will post 4.68 EPS for the current year.

Insider Buying and Selling at Tri Pointe Homes

In related news, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the completion of the sale, the chief financial officer now owns 149,108 shares of the company’s stock, valued at $6,882,825.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel David Ch Lee sold 5,000 shares of the firm’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 completion of the transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Glenn J. Keeler sold 24,200 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at $6,882,825.28. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Tri Pointe Homes 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.