Rep. Josh Gottheimer Sells Off Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Tri Pointe Homes, Inc. NYSE: TPH. In a filing disclosed on April 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tri Pointe Homes stock on March 19th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Spotify Technology NYSE: SPOT on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Flywire NASDAQ: FLYW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Diageo NYSE: DEO on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Shopify NYSE: SHOP on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 3/19/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Tandem Diabetes Care NASDAQ: TNDM on 3/19/2025.

Tri Pointe Homes Stock Performance

Shares of TPH traded up $0.44 during mid-day trading on Friday, reaching $29.50. 1,153,626 shares of the company's stock were exchanged, compared to its average volume of 871,539. The business's fifty day simple moving average is $31.58 and its 200-day simple moving average is $37.07. The stock has a market capitalization of $2.71 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. On average, equities research analysts expect that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Hedge Funds Weigh In On Tri Pointe Homes

Several hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in shares of Tri Pointe Homes in the first quarter valued at $1,024,000. Wealth Enhancement Advisory Services LLC raised its position in Tri Pointe Homes by 57.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,880 shares of the construction company's stock worth $252,000 after acquiring an additional 2,875 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Tri Pointe Homes by 23.3% in the first quarter. Assenagon Asset Management S.A. now owns 1,114,358 shares of the construction company's stock valued at $35,570,000 after purchasing an additional 210,810 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Tri Pointe Homes in the first quarter valued at approximately $300,000. Finally, Signet Financial Management LLC raised its position in shares of Tri Pointe Homes by 0.7% during the 1st quarter. Signet Financial Management LLC now owns 132,046 shares of the construction company's stock worth $4,215,000 after purchasing an additional 960 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Wedbush reiterated a "neutral" rating and set a $38.00 price target (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Oppenheimer reduced their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Evercore ISI reduced their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tri Pointe Homes has a consensus rating of "Moderate Buy" and a consensus target price of $40.60.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Tri Pointe Homes

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.