Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by MetLife Investment Management LLC

Posted by Defense World Staff on Mar 2nd, 2023

MetLife Investment Management LLC lessened its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,980 shares of the construction company’s stock after selling 2,264 shares during the period. MetLife Investment Management LLC owned 0.05% of Tri Pointe Homes worth $801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TPH. Raymond James & Associates raised its position in shares of Tri Pointe Homes by 2.1% during the 1st quarter. Raymond James & Associates now owns 176,362 shares of the construction company’s stock worth $3,541,000 after acquiring an additional 3,591 shares in the last quarter. Natixis Advisors L.P. grew its stake in Tri Pointe Homes by 53.8% during the 1st quarter. Natixis Advisors L.P. now owns 25,492 shares of the construction company’s stock worth $512,000 after buying an additional 8,922 shares during the last quarter. Bank of Montreal Can grew its stake in Tri Pointe Homes by 25.8% during the 1st quarter. Bank of Montreal Can now owns 10,793 shares of the construction company’s stock worth $224,000 after buying an additional 2,213 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Tri Pointe Homes by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,731 shares of the construction company’s stock worth $818,000 after buying an additional 3,884 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Tri Pointe Homes by 9.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 61,950 shares of the construction company’s stock worth $1,281,000 after buying an additional 5,537 shares during the last quarter. Institutional investors and hedge funds own 99.41% of the company’s stock.

Tri Pointe Homes Trading Down 0.7 %

Shares of TPH stock opened at $23.68 on Thursday. The business’s 50 day moving average is $21.25 and its two-hundred day moving average is $18.58. Tri Pointe Homes, Inc. has a twelve month low of $14.59 and a twelve month high of $25.70. The company has a market capitalization of $2.39 billion, a P/E ratio of 4.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.45. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.49.

Tri Pointe Homes (NYSE:TPH – Get Rating) last announced its earnings results on Tuesday, February 21st. The construction company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.48. Tri Pointe Homes had a return on equity of 22.24% and a net margin of 13.40%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $1.33 EPS. The company’s revenue was up 25.3% on a year-over-year basis. Equities analysts forecast that Tri Pointe Homes, Inc. will post 2.82 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on TPH shares. TheStreet upgraded Tri Pointe Homes from a “c+” rating to a “b-” rating in a research note on Friday, December 9th. StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Wednesday, February 1st. Wedbush raised their price target on Tri Pointe Homes from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 22nd. Finally, Oppenheimer initiated coverage on Tri Pointe Homes in a research note on Wednesday, January 18th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.00.

Insider Activity

In other news, Director Constance B. Moore sold 39,589 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $23.15, for a total value of $916,485.35. Following the completion of the sale, the director now directly owns 60,613 shares of the company’s stock, valued at approximately $1,403,190.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

About Tri Pointe Homes

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Tri Pointe Homes, Inc designs, constructs, and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of operations in Arizona, Pardee Homes, consisting of operations in California and Nevada, Quadrant Homes, consisting of operations in Washington, Trendmaker Homes, consisting of operations in Texas, TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.