Tri Pointe Homes, Inc. (NYSE:TPH) COO Sells $3,029,583.60 in Stock

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) COO Thomas J. Mitchell sold 77,384 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the completion of the transaction, the chief operating officer now directly owns 708,159 shares of the company's stock, valued at approximately $27,724,424.85. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Tri Pointe Homes Stock Performance

NYSE TPH traded down $0.90 during trading hours on Tuesday, hitting $38.17. The company had a trading volume of 721,148 shares, compared to its average volume of 877,315. The company has a market cap of $3.57 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60. The business has a 50 day moving average of $42.40 and a 200-day moving average of $41.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a 1-year low of $32.79 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share 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 the consensus estimate of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, equities research analysts expect that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

Institutional Trading of Tri Pointe Homes

Several large investors have recently modified their holdings of the business. Raymond James & Associates grew its stake in Tri Pointe Homes by 19.2% in 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 during the period. Federated Hermes Inc. raised its stake 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 acquiring an additional 34,666 shares during the period. Millennium Management LLC lifted its stake in shares of Tri Pointe Homes by 14.1% during the second quarter. Millennium Management LLC now owns 925,498 shares of the construction company's stock worth $34,475,000 after purchasing an additional 114,244 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Tri Pointe Homes by 260.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company's stock valued at $64,216,000 after acquiring an additional 1,024,425 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Tri Pointe Homes by 404.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 43,849 shares of the construction company's stock worth $1,987,000 after buying an additional 35,162 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wedbush reaffirmed a "neutral" rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Oppenheimer reduced their price objective on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Zelman & Associates raised Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price on the stock in a research report on Tuesday, September 17th. Two research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.75.

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.

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