Healthcare of Ontario Pension Plan Trust Fund Takes Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 257,700 shares of the construction company’s stock, valued at approximately $9,599,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.28% of Tri Pointe Homes as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Tri Pointe Homes by 94.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,407 shares of the construction company’s stock valued at $262,000 after purchasing an additional 3,588 shares during the last quarter. TD Asset Management Inc grew its stake in Tri Pointe Homes by 5.6% during the 4th quarter. TD Asset Management Inc now owns 84,900 shares of the construction company’s stock worth $3,005,000 after buying an additional 4,500 shares during the last quarter. Rafferty Asset Management LLC increased its position in Tri Pointe Homes by 19.4% in the fourth quarter. Rafferty Asset Management LLC now owns 69,923 shares of the construction company’s stock worth $2,475,000 after buying an additional 11,381 shares during the period. Belpointe Asset Management LLC bought a new stake in Tri Pointe Homes in the fourth quarter valued at $252,000. Finally, Seven Eight Capital LP lifted its stake in Tri Pointe Homes by 53.4% in the fourth quarter. Seven Eight Capital LP now owns 28,243 shares of the construction company’s stock valued at $1,000,000 after buying an additional 9,826 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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 business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Glenn J. Keeler sold 24,200 shares of the business’s 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 transaction, the chief financial officer now owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

TPH has been the topic of a number of analyst reports. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Wedbush restated a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, July 25th. 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 report on Tuesday, September 17th. Royal Bank of Canada raised their target price on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Oppenheimer boosted their price target on Tri Pointe Homes from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.25.

Tri Pointe Homes Price Performance

NYSE TPH opened at $43.82 on Friday. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $47.78. The stock has a market capitalization of $4.10 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.74 and a beta of 1.59. 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 business’s fifty day moving average is $43.48 and its two-hundred day moving average is $40.13.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue was up 38.3% compared to the same quarter last year. On average, research analysts forecast that Tri Pointe Homes, Inc. will post 4.68 earnings per share 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.