SG Americas Securities LLC Has $195,000 Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

SG Americas Securities LLC lowered its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 96.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,307 shares of the construction company's stock after selling 103,403 shares during the period. SG Americas Securities LLC's holdings in Tri Pointe Homes were worth $195,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TPH. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Tri Pointe Homes in the 2nd quarter valued at $9,599,000. Aristides Capital LLC purchased a new position in shares of Tri Pointe Homes in the second quarter valued at $247,000. Truist Financial Corp purchased a new position in Tri Pointe Homes during the second quarter worth $1,431,000. Quarry LP lifted its stake in Tri Pointe Homes by 123.3% in the second quarter. Quarry LP now owns 2,401 shares of the construction company's stock worth $89,000 after acquiring an additional 1,326 shares during the period. Finally, Creative Planning raised its position in shares of Tri Pointe Homes by 43.0% in the 2nd quarter. Creative Planning now owns 13,503 shares of the construction company's stock valued at $503,000 after purchasing an additional 4,063 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

TPH has been the topic of several analyst reports. Oppenheimer lifted their price target on Tri Pointe Homes from $54.00 to $56.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Zelman & Associates upgraded Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective on the stock in a research report on Tuesday, September 17th. Evercore ISI upgraded Tri Pointe Homes to a "strong-buy" rating in a report on Friday, July 26th. Royal Bank of Canada raised their price objective 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. Finally, Wedbush reissued a "neutral" rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday. 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 MarketBeat.com, Tri Pointe Homes has an average rating of "Moderate Buy" and an average price target of $47.25.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CFO Glenn J. Keeler sold 24,200 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 149,108 shares in the company, valued at $6,882,825.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel David Ch Lee sold 5,000 shares of the 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 completion of the sale, the general counsel now directly owns 85,792 shares of the company's stock, valued at approximately $3,798,869.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Glenn J. Keeler sold 24,200 shares of the firm's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $46.16, for a total value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Tri Pointe Homes Trading Down 4.2 %

Shares of Tri Pointe Homes stock traded down $1.78 during trading on Thursday, hitting $40.73. The company's stock had a trading volume of 1,329,836 shares, compared to its average volume of 903,815. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 0.70 and a beta of 1.59. The stock has a 50-day moving average price of $44.01 and a two-hundred day moving average price of $40.81. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.76 EPS. The business's quarterly revenue was up 34.9% compared to the same quarter last year. Equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.68 EPS for the current fiscal year.

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.