Reston Wealth Management LLC Buys Shares of 1,000 Tri Pointe Homes, Inc. (NYSE:TPH)

Reston Wealth Management LLC purchased a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the construction company’s stock, valued at approximately $45,000.

Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Tri Pointe Homes by 1.5% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock worth $959,000 after purchasing an additional 376 shares during the period. Blue Trust Inc. lifted its position in Tri Pointe Homes by 31.7% during 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 period. Evergreen Capital Management LLC boosted its stake in Tri Pointe Homes by 7.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company’s stock worth $293,000 after buying an additional 519 shares during the last quarter. Diversified Trust Co grew its holdings in Tri Pointe Homes by 4.2% in the 2nd quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock valued at $496,000 after buying an additional 536 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Tri Pointe Homes by 9.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,266 shares of the construction company’s stock worth $284,000 after acquiring an additional 541 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Tri Pointe Homes Stock Performance

TPH opened at $40.44 on Friday. The business has a 50 day moving average price of $43.81 and a two-hundred day moving average price of $40.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.59. Tri Pointe Homes, Inc. has a 1-year low of $24.74 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. Research analysts predict that Tri Pointe Homes, Inc. will post 4.74 EPS for the current fiscal year.

Analysts Set New Price Targets

TPH has been the subject of several research reports. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Oppenheimer dropped their target price on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada decreased their price target on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Zelman & Associates upgraded shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a research note on Tuesday, September 17th. Finally, Wedbush restated a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.75.

Tri Pointe Homes 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.