Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,612 shares of the construction company’s stock after purchasing an additional 10,116 shares during the quarter. Victory Capital Management Inc.’s holdings in Tri Pointe Homes were worth $12,805,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Raymond James & Associates boosted its position in shares of Tri Pointe Homes by 19.2% during the 3rd quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock worth $9,450,000 after acquiring an additional 33,629 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Tri Pointe Homes in the 1st quarter valued at about $834,000. SG Americas Securities LLC boosted its position in shares of Tri Pointe Homes by 3,110.4% in the 2nd quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock valued at $4,012,000 after purchasing an additional 104,355 shares during the period. Bamco Inc. NY acquired a new stake in shares of Tri Pointe Homes in the 1st quarter valued at about $3,295,000. Finally, Federated Hermes Inc. boosted its position in shares of Tri Pointe Homes by 10,048.1% in the 2nd quarter. Federated Hermes Inc. now owns 35,011 shares of the construction company’s stock valued at $1,304,000 after purchasing an additional 34,666 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was 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 in the company, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by insiders.

Analyst Ratings Changes

TPH has been the subject of a number of research analyst reports. Wedbush reissued a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Oppenheimer decreased their target price on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada reduced their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Zelman & Associates raised 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. Finally, Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes has an average rating of “Moderate Buy” and a consensus price target of $45.75.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $41.74 on Thursday. Tri Pointe Homes, Inc. has a 1-year low of $28.74 and a 1-year high of $47.78. The company has a market capitalization of $3.91 billion, a P/E ratio of 8.65, a PEG ratio of 0.68 and a beta of 1.60. The business has a 50 day moving average price of $43.32 and a 200 day moving average price of $41.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. Tri Pointe Homes’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Sell-side analysts expect 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.