Share on StockTwits

TRI Pointe Homes (NYSE:TPH) major shareholder Carlson Capital L. P purchased 1,148,849 shares of TRI Pointe Homes stock on the open market in a transaction that occurred on Wednesday, July 2nd. The stock was purchased at an average cost of $15.51 per share, for a total transaction of $17,818,647.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of TRI Pointe Homes (NYSE:TPH) traded down 3.80% on Thursday, hitting $15.17. The stock had a trading volume of 10,441,923 shares. TRI Pointe Homes has a 52 week low of $13.43 and a 52 week high of $20.29. The stock has a 50-day moving average of $15.85 and a 200-day moving average of $16.9. The company has a market cap of $479.9 million and a P/E ratio of 25.68. TRI Pointe Homes also was the recipient of unusually large options trading on Tuesday. Stock traders acquired 34,942 put options on the company. This is an increase of approximately 167% compared to the typical volume of 13,066 put options.

TRI Pointe Homes (NYSE:TPH) last released its earnings data on Tuesday, May 6th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.05. The company had revenue of $72.81 million for the quarter, compared to the consensus estimate of $59.80 million. During the same quarter last year, the company posted $0.01 earnings per share. TRI Pointe Homes’s revenue was up 160.9% compared to the same quarter last year. Analysts expect that TRI Pointe Homes will post $1.00 EPS for the current fiscal year.

A number of analysts have recently weighed in on TPH shares. Analysts at Paradigm Capital reiterated a “buy” rating on shares of TRI Pointe Homes in a research note on Friday, May 16th. They now have a $8.00 price target on the stock, down previously from $8.50. Separately, analysts at Sidoti upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of TRI Pointe Homes in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.31.

Tri Pointe Homes, Inc, formerly TRI Pointe Homes, LLC is engaged in the design, construction and sale of single-family homes in planned communities in metropolitan areas located throughout Southern and Northern California.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.