Glenmede Trust Co. NA Has $22.36 Million Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Glenmede Trust Co. NA lessened its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 493,489 shares of the construction company’s stock after selling 6,891 shares during the quarter. Glenmede Trust Co. NA owned 0.53% of Tri Pointe Homes worth $22,360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GSA Capital Partners LLP grew its position in shares of Tri Pointe Homes by 4.4% in the 3rd quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company’s stock valued at $280,000 after purchasing an additional 258 shares during the period. Empowered Funds LLC increased its holdings in Tri Pointe Homes by 0.3% during the third quarter. Empowered Funds LLC now owns 99,346 shares of the construction company’s stock worth $4,501,000 after buying an additional 265 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after purchasing an additional 427 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Tri Pointe Homes by 7.1% in the second quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company’s stock valued at $293,000 after buying an additional 519 shares during the last quarter. Finally, Diversified Trust Co boosted its position in Tri Pointe Homes by 4.2% during the second quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock worth $496,000 after purchasing an additional 536 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPH has been the topic of a number of recent research reports. Wedbush reiterated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada dropped their target price on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Zelman & Associates upgraded shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a research note on Tuesday, September 17th. Finally, Oppenheimer cut their price objective on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tri Pointe Homes currently has an average rating of “Moderate Buy” and a consensus target price of $45.75.

Tri Pointe Homes Stock Down 0.0 %

TPH stock opened at $43.62 on Thursday. Tri Pointe Homes, Inc. has a 52 week low of $28.74 and a 52 week high of $47.78. The business has a 50-day simple moving average of $43.21 and a 200 day simple moving average of $41.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a market cap of $4.08 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60.

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

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.50% of the company’s stock.

Tri Pointe Homes Company 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.