Inspire Advisors LLC Raises Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Inspire Advisors LLC boosted its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 147.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,525 shares of the construction company’s stock after buying an additional 9,253 shares during the quarter. Inspire Advisors LLC’s holdings in Tri Pointe Homes were worth $703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TPH. Fidelis Capital Partners LLC purchased a new position in shares of Tri Pointe Homes during the first quarter worth $25,000. Gradient Investments LLC purchased a new position in shares of Tri Pointe Homes during the 2nd quarter valued at about $30,000. GAMMA Investing LLC lifted its holdings in shares of Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after buying an additional 588 shares during the period. Blue Trust Inc. boosted its stake in shares of Tri Pointe Homes by 31.7% in the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after buying an additional 427 shares during the last quarter. Finally, CWM LLC grew its holdings in Tri Pointe Homes by 70.8% during the second quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after acquiring an additional 920 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TPH. Oppenheimer boosted their price target on Tri Pointe Homes from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Royal Bank of Canada raised their price target on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Finally, Zelman & Associates upgraded 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 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 company’s stock. According to data from MarketBeat.com, Tri Pointe Homes has a consensus rating of “Moderate Buy” and an average target price of $47.25.

Tri Pointe Homes Price Performance

Shares of NYSE TPH opened at $46.51 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a fifty day moving average of $43.86 and a 200 day moving average of $40.66. The firm has a market cap of $4.35 billion, a PE ratio of 10.57, a PEG ratio of 0.74 and a beta of 1.59. Tri Pointe Homes, Inc. has a one year low of $24.18 and a one year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The company’s quarterly revenue was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. As a group, research analysts predict that Tri Pointe Homes, Inc. will post 4.68 EPS for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the completion of the sale, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Glenn J. Keeler sold 24,200 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the completion of the sale, the chief financial officer now owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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.