Mitsubishi UFJ Trust & Banking Corp lowered its stake in Tri Pointe Homes, Inc. (NYSE:TPH – Free Report) by 21.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,987 shares of the construction company’s stock after selling 2,959 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Tri Pointe Homes were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP raised its stake in shares of Tri Pointe Homes by 0.9% in the fourth quarter. First Trust Advisors LP now owns 231,251 shares of the construction company’s stock worth $4,299,000 after buying an additional 1,975 shares during the period. Barclays PLC raised its stake in shares of Tri Pointe Homes by 3.9% in the first quarter. Barclays PLC now owns 175,772 shares of the construction company’s stock worth $4,451,000 after buying an additional 6,532 shares during the period. Pacer Advisors Inc. bought a new position in shares of Tri Pointe Homes in the first quarter worth about $36,642,000. ProShare Advisors LLC raised its stake in Tri Pointe Homes by 14.7% during the 4th quarter. ProShare Advisors LLC now owns 15,925 shares of the construction company’s stock valued at $296,000 after purchasing an additional 2,036 shares during the period. Finally, Oliver Luxxe Assets LLC raised its stake in Tri Pointe Homes by 2.9% during the 1st quarter. Oliver Luxxe Assets LLC now owns 33,133 shares of the construction company’s stock valued at $839,000 after purchasing an additional 941 shares during the period. Institutional investors own 98.53% of the company’s stock.
Insider Transactions at Tri Pointe Homes
In other news, Director Lawrence B. Burrows sold 7,677 shares of Tri Pointe Homes stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $31.48, for a total value of $241,671.96. Following the completion of the transaction, the director now owns 86,891 shares in the company, valued at approximately $2,735,328.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Lawrence B. Burrows sold 7,677 shares of Tri Pointe Homes stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $31.48, for a total value of $241,671.96. Following the completion of the transaction, the director now owns 86,891 shares in the company, valued at approximately $2,735,328.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Glenn J. Keeler sold 21,413 shares of Tri Pointe Homes stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $33.01, for a total value of $706,843.13. Following the completion of the transaction, the chief financial officer now owns 102,194 shares of the company’s stock, valued at approximately $3,373,423.94. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Tri Pointe Homes Stock Performance
Tri Pointe Homes (NYSE:TPH – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $819.08 million for the quarter, compared to the consensus estimate of $703.67 million. Tri Pointe Homes had a return on equity of 17.37% and a net margin of 11.71%. As a group, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.1 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TPH shares. Wedbush lifted their target price on Tri Pointe Homes from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Royal Bank of Canada lifted their target price on Tri Pointe Homes from $29.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, July 28th. StockNews.com started coverage on Tri Pointe Homes in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Wolfe Research raised Tri Pointe Homes from a “peer perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Monday, August 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Tri Pointe Homes in a research note on Wednesday, May 31st. They set a “buy” rating and a $42.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.00.
Read Our Latest Analysis on Tri Pointe Homes
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.
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