Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 362,341 shares of the construction company's stock after buying an additional 2,050 shares during the quarter. Tri Pointe Homes comprises approximately 1.0% of Leith Wheeler Investment Counsel Ltd.'s investment portfolio, making the stock its 24th largest holding. Leith Wheeler Investment Counsel Ltd.'s holdings in Tri Pointe Homes were worth $7,869,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in shares of Tri Pointe Homes by 393.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 78,210 shares of the construction company's stock worth $1,319,000 after purchasing an additional 62,345 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Tri Pointe Homes by 3.1% in the 1st quarter. Bank of America Corp DE now owns 1,263,959 shares of the construction company's stock worth $25,381,000 after purchasing an additional 37,768 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Tri Pointe Homes in the 1st quarter worth $1,096,000. Point72 Hong Kong Ltd bought a new position in shares of Tri Pointe Homes in the 1st quarter worth $45,000. Finally, Quantbot Technologies LP bought a new position in shares of Tri Pointe Homes in the 1st quarter worth $948,000. 99.96% of the stock is currently owned by institutional investors.
Get Tri Pointe Homes alerts:Wall Street Analyst Weigh In
Several brokerages have weighed in on TPH. StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Saturday, June 18th. Wells Fargo & Company dropped their price objective on Tri Pointe Homes from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Friday, June 17th. Finally, B. Riley cut Tri Pointe Homes from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $26.00 to $20.00 in a research note on Thursday, June 16th.
Tri Pointe Homes Stock Performance
Shares of Tri Pointe Homes stock traded down $0.30 during trading hours on Thursday, hitting $15.72. 13,670 shares of the company's stock traded hands, compared to its average volume of 1,352,900. Tri Pointe Homes, Inc. has a 12-month low of $15.05 and a 12-month high of $28.28. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 3.40 and a beta of 1.43. The company has a fifty day simple moving average of $17.83 and a 200-day simple moving average of $19.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71.Tri Pointe Homes (NYSE:TPH – Get Rating) last announced its earnings results on Thursday, July 21st. The construction company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.21. Tri Pointe Homes had a return on equity of 20.80% and a net margin of 12.70%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $998.10 million. During the same period last year, the firm posted $1.00 EPS. The business's revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.65 EPS for the current fiscal year.
Tri Pointe Homes Company Profile
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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 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, Virginia, and the District of Columbia.
Further Reading
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