Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by ClearAlpha Technologies LP

ClearAlpha Technologies LP lowered its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 15.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,182 shares of the construction company’s stock after selling 2,552 shares during the period. ClearAlpha Technologies LP’s holdings in Tri Pointe Homes were worth $643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates grew its stake in shares of Tri Pointe Homes by 19.2% during the 3rd quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock worth $9,450,000 after purchasing an additional 33,629 shares during the period. SG Americas Securities LLC grew its position in Tri Pointe Homes by 3,110.4% during the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock valued at $4,012,000 after buying an additional 104,355 shares during the period. Federated Hermes Inc. increased its holdings in Tri Pointe Homes by 10,048.1% in the second quarter. Federated Hermes Inc. now owns 35,011 shares of the construction company’s stock valued at $1,304,000 after buying an additional 34,666 shares in the last quarter. Jane Street Group LLC raised its position in shares of Tri Pointe Homes by 171.3% in the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock worth $11,352,000 after acquiring an additional 185,395 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Tri Pointe Homes by 14.1% during the 2nd quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock worth $34,475,000 after acquiring an additional 114,244 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

TPH has been the subject of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, October 24th. Oppenheimer reduced their target price 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. Royal Bank of Canada dropped their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Zelman & Associates upgraded shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.75.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $43.53 on Monday. 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 stock’s 50 day simple moving average is $43.14 and its 200-day simple moving average is $41.70. The company has a market cap of $4.07 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60. Tri Pointe Homes, Inc. has a 1-year low of $28.74 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. As a group, equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.