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TRI Pointe Homes (NYSE:TPH) major shareholder Carlson Capital L. P bought 192,700 shares of TRI Pointe Homes stock in a transaction that occurred on Tuesday, July 1st. The shares were purchased at an average cost of $15.54 per share, for a total transaction of $2,994,558.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of TRI Pointe Homes (NYSE:TPH) traded down 2.37% on Friday, hitting $14.81. The stock had a trading volume of 5,227,017 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 $15.83 and a 200-day moving average of $16.87. The company has a market cap of $468.5 million and a P/E ratio of 24.71. TRI Pointe Homes also was the recipient of unusually large options trading on Tuesday. Investors acquired 34,942 put options on the stock. This is an increase of 167% compared to the typical volume of 13,066 put options.

TRI Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 160.9% on a year-over-year basis. On average, analysts predict that TRI Pointe Homes will post $1.00 earnings per share 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus 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.

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