Tri Pointe Homes, Inc. (NYSE:TPH) COO Thomas J. Mitchell Sells 77,384 Shares

Tri Pointe Homes, Inc. (NYSE:TPH) COO Thomas J. Mitchell sold 77,384 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the transaction, the chief operating officer now owns 708,159 shares in the company, valued at approximately $27,724,424.85. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tri Pointe Homes Price Performance

TPH opened at $38.17 on Wednesday. The company has a 50 day moving average of $42.29 and a two-hundred day moving average of $41.90. Tri Pointe Homes, Inc. has a 52-week low of $32.79 and a 52-week high of $47.78. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a market cap of $3.57 billion, a P/E ratio of 7.92, a P/E/G ratio of 0.64 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $0.76 EPS. The firm’s revenue was up 34.9% on a year-over-year basis. On average, analysts expect that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Institutional Investors Weigh In On Tri Pointe Homes

A number of large investors have recently modified their holdings of TPH. Geode Capital Management LLC lifted its position in Tri Pointe Homes by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company’s stock worth $112,644,000 after acquiring an additional 76,830 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Tri Pointe Homes by 260.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock valued at $64,216,000 after purchasing an additional 1,024,425 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Tri Pointe Homes by 11.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company’s stock valued at $52,816,000 after purchasing an additional 115,099 shares during the period. Millennium Management LLC boosted its stake in shares of Tri Pointe Homes by 14.1% in the second quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock valued at $34,475,000 after purchasing an additional 114,244 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Tri Pointe Homes by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company’s stock valued at $34,135,000 after purchasing an additional 31,041 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TPH. Wedbush reaffirmed a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Royal Bank of Canada dropped their price objective 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. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a research report on Tuesday, September 17th. Finally, Oppenheimer dropped their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.75.

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.