Royce & Associates LP Purchases 563 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Royce & Associates LP increased its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 481,521 shares of the construction company’s stock after purchasing an additional 563 shares during the quarter. Royce & Associates LP’s holdings in Tri Pointe Homes were worth $21,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TPH. Gradient Investments LLC bought a new position in Tri Pointe Homes in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC bought a new position in Tri Pointe Homes in the 3rd quarter valued at about $45,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 588 shares during the period. Blue Trust Inc. raised its holdings in Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after acquiring an additional 427 shares during the period. Finally, CWM LLC raised its holdings in Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after acquiring an additional 920 shares during the period. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Stock Down 0.8 %

Shares of TPH opened at $41.79 on Friday. Tri Pointe Homes, Inc. has a 12 month low of $28.74 and a 12 month high of $47.78. The firm’s 50 day moving average is $43.34 and its 200-day moving average is $41.37. The stock has a market capitalization of $3.91 billion, a PE ratio of 8.67, a P/E/G ratio of 0.67 and a beta of 1.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

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. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Equities research analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TPH shares. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a report on Tuesday, September 17th. Wedbush reissued a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, October 24th. Royal Bank of Canada lowered their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Finally, Oppenheimer lowered their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.75.

Insider Buying and Selling

In related news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

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.