American Century Companies Inc. Raises Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Posted by on Jun 8th, 2023

American Century Companies Inc. increased its position in Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 992,000 shares of the construction company’s stock after purchasing an additional 172,548 shares during the quarter. American Century Companies Inc. owned approximately 0.98% of Tri Pointe Homes worth $18,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc increased its stake in shares of Tri Pointe Homes by 951.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,819 shares of the construction company’s stock worth $27,000 after purchasing an additional 1,646 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Tri Pointe Homes during the 1st quarter valued at about $45,000. Captrust Financial Advisors boosted its holdings in Tri Pointe Homes by 30.4% in the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock valued at $46,000 after purchasing an additional 531 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Tri Pointe Homes by 500.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,209 shares of the construction company’s stock worth $48,000 after purchasing an additional 2,675 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in Tri Pointe Homes in the fourth quarter valued at $78,000. 99.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 19,076 shares of Tri Pointe Homes stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $29.24, for a total transaction of $557,782.24. Following the completion of the transaction, the chief executive officer now owns 423,514 shares of the company’s stock, valued at approximately $12,383,549.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $32.27 on Thursday. The stock’s 50 day moving average is $28.06 and its 200-day moving average is $23.59. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 0.81 and a beta of 1.45. Tri Pointe Homes, Inc. has a 12 month low of $14.59 and a 12 month high of $33.03. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.48.

Tri Pointe Homes (NYSE:TPH – Get Rating) last released its earnings results on Thursday, April 27th. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.32. The business had revenue of $768.40 million during the quarter, compared to the consensus estimate of $586.76 million. Tri Pointe Homes had a net margin of 12.97% and a return on equity of 20.83%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. Equities research analysts expect that Tri Pointe Homes, Inc. will post 3.07 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Tri Pointe Homes in a research note on Wednesday, May 31st. They set a “buy” rating and a $42.00 price objective for the company. StockNews.com began coverage on shares of Tri Pointe Homes in a report on Thursday, May 18th. They set a “buy” rating for the company. Finally, Wedbush boosted their price objective on Tri Pointe Homes from $27.00 to $30.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Tri Pointe Homes Company Profile

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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.

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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