2 weeks Ago By Defense World Staff
Bank of Montreal Can grew its position in Tri Pointe Homes, Inc. (NYSE:TPH – Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 12,256 shares of the construction company’s stock after purchasing an additional 1,078 shares during the period. Bank of Montreal Can’s holdings in Tri Pointe Homes were worth $444,000 as of its most recent SEC filing. A number of other institutional investors have also modified their holdings of TPH.
Federated Hermes Inc. grew its stake in Tri Pointe Homes by 7.3% during the fourth quarter.
Federated Hermes Inc. now owns 55,545 shares of the construction company’s stock worth $2,014,000 after buying an additional 3,791 shares during the period. Aristides Capital LLC boosted its position in Tri Pointe Homes by 53.
0% during the 4th quarter. Aristides Capital LLC now owns 7,955 shares of the construction company’s stock worth $288,000 after purchasing an additional 2,756 shares during the period. Russell Investments Group Ltd.
increased its holdings in Tri Pointe Homes by 54.7% in the 4th quarter. Russell Investments Group Ltd.
now owns 359,521 shares of the construction company’s stock valued at $13,036,000 after purchasing an additional 127,072 shares in the last quarter. Wells Fargo & Company MN raised its position in Tri Pointe Homes by 24.9% in the fourth quarter.
Wells Fargo & Company MN now owns 53,413 shares of the construction company’s stock valued at $1,937,000 after purchasing an additional 10,650 shares during the period. Finally, Kesler Norman & Wride LLC lifted its stake in shares of Tri Pointe Homes by 70.7% during the fourth quarter.
Kesler Norman & Wride LLC now owns 17,088 shares of the construction company’s stock worth $620,000 after purchasing an additional 7,078 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Tri Pointe Homes Stock PerformanceShares of TPH stock opened at $29.58 on Tuesday. The company has a debt-to-equity ratio of 0.
28, a quick ratio of 1.64 and a current ratio of 2.24.
The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 0.
67 and a beta of 1.44. Tri Pointe Homes, Inc.
has a one year low of $27.90 and a one year high of $47.78.
The company’s 50-day simple moving average is $31.46 and its 200-day simple moving average is $36.87.
Tri Pointe Homes (NYSE:TPH – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
30 by $0.07. Tri Pointe Homes had a return on equity of 14.
34% and a net margin of 10.36%. The business had revenue of $1.
22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Equities analysts anticipate that Tri Pointe Homes, Inc.
will post 3.58 earnings per share for the current fiscal year. Analyst Ratings ChangesSeveral equities analysts recently commented on TPH shares.
Evercore ISI reduced their price target on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th.
Wedbush restated a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th.
Royal Bank of Canada downgraded shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th.
Oppenheimer decreased their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th.
Finally, Seaport Res Ptn raised Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.
60.Check Out Our Latest Analysis on TPHAbout Tri Pointe Homes (Free Report)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.
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