Innealta Capital LLC Acquires 978 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Innealta Capital LLC grew its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 24.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,905 shares of the construction company’s stock after purchasing an additional 978 shares during the period. Innealta Capital LLC’s holdings in Tri Pointe Homes were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TPH. BNP Paribas Financial Markets raised its holdings in Tri Pointe Homes by 132.8% during the 1st quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock valued at $4,730,000 after acquiring an additional 69,789 shares during the period. Raymond James & Associates raised 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 valued at $9,450,000 after purchasing an additional 33,629 shares during the period. UniSuper Management Pty Ltd purchased a new stake in Tri Pointe Homes during the 1st quarter worth about $834,000. State Board of Administration of Florida Retirement System boosted its stake in Tri Pointe Homes by 64.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company’s stock worth $3,219,000 after purchasing an additional 32,717 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Tri Pointe Homes by 3,110.4% during the 2nd 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 in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tri Pointe Homes 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 transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a report on Tuesday, September 17th. Wedbush restated a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Royal Bank of Canada lowered their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, 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 report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Tri Pointe Homes has an average rating of “Moderate Buy” and a consensus price target of $45.75.

Tri Pointe Homes Stock Performance

Tri Pointe Homes stock opened at $40.50 on Monday. Tri Pointe Homes, Inc. has a fifty-two week low of $26.55 and a fifty-two week high of $47.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $3.79 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60. The firm’s fifty day moving average price is $43.71 and its 200-day moving average price is $41.07.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, equities research analysts expect that Tri Pointe Homes, Inc. will post 4.74 earnings per share for the current fiscal year.

About Tri Pointe Homes

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.