Tri Pointe Homes, Inc. (NYSE:TPH) Stake Decreased by Kestrel Investment Management Corp

Kestrel Investment Management Corp lowered its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 16.0% during the 4th quarter, HoldingsChannel reports. The fund owned 224,650 shares of the construction company’s stock after selling 42,900 shares during the period. Tri Pointe Homes comprises about 5.4% of Kestrel Investment Management Corp’s investment portfolio, making the stock its 2nd largest holding. Kestrel Investment Management Corp’s holdings in Tri Pointe Homes were worth $7,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversified Trust Co increased its stake in Tri Pointe Homes by 2.7% in the 4th quarter. Diversified Trust Co now owns 12,506 shares of the construction company’s stock worth $443,000 after buying an additional 330 shares during the period. Oliver Luxxe Assets LLC increased its stake in Tri Pointe Homes by 1.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,257 shares of the construction company’s stock worth $937,000 after buying an additional 505 shares during the period. Captrust Financial Advisors increased its stake in Tri Pointe Homes by 30.4% in the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock worth $46,000 after buying an additional 531 shares during the period. MetLife Investment Management LLC increased its stake in Tri Pointe Homes by 1.1% in the 4th quarter. MetLife Investment Management LLC now owns 53,539 shares of the construction company’s stock worth $995,000 after buying an additional 559 shares during the period. Finally, Cavalier Investments LLC increased its stake in Tri Pointe Homes by 3.8% in the 3rd quarter. Cavalier Investments LLC now owns 17,120 shares of the construction company’s stock worth $468,000 after buying an additional 629 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity

In other news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total value of $1,814,992.26. Following the sale, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank of Canada raised shares of Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Wednesday, March 13th. Oppenheimer reissued an “outperform” rating and set a $41.00 target price (up previously from $36.00) on shares of Tri Pointe Homes in a research report on Wednesday, February 21st. Finally, Wedbush reissued a “neutral” rating and set a $32.00 target price on shares of Tri Pointe Homes in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

Tri Pointe Homes Stock Up 0.9 %

Shares of NYSE:TPH traded up $0.31 during trading on Friday, reaching $34.93. The stock had a trading volume of 1,034,085 shares, compared to its average volume of 1,058,393. Tri Pointe Homes, Inc. has a one year low of $24.18 and a one year high of $39.08. The company has a market capitalization of $3.33 billion, a P/E ratio of 10.11, a PEG ratio of 0.73 and a beta of 1.54. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $35.67 and its 200 day simple moving average is $32.53.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.24. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.98 EPS. The company’s revenue was down 17.5% compared to the same quarter last year. As a group, research analysts expect that Tri Pointe Homes, Inc. will post 3.65 EPS for the current fiscal year.

Tri Pointe Homes 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.