Steven Gilbert Sells 50,000 Shares of Tri Pointe Homes (NYSE:TPH) Stock

Tri Pointe Homes Inc. (NYSE:TPH) Director Steven Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares in the company, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tri Pointe Homes Trading Down 0.0%

TPH opened at $46.31 on Friday. The firm’s fifty day moving average is $35.18 and its two-hundred day moving average is $34.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $3.98 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.38 and a beta of 1.39. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $46.47.

Institutional Trading of Tri Pointe Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in Tri Pointe Homes in the fourth quarter valued at $27,000. Harbor Capital Advisors Inc. raised its holdings in shares of Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after purchasing an additional 345 shares during the period. Fulcrum Asset Management LLP acquired a new stake in Tri Pointe Homes in the 3rd quarter valued at about $44,000. Farther Finance Advisors LLC grew its holdings in Tri Pointe Homes by 306.8% during the third quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,043 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after acquiring an additional 401 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TPH. Citizens Jmp started coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price target on the stock. Royal Bank Of Canada upped their price target on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Oppenheimer cut shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Finally, Citigroup assumed coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.50.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.