Factorial Partners LLC Has $3.08 Million Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Factorial Partners LLC trimmed its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,900 shares of the construction company’s stock after selling 1,000 shares during the quarter. Tri Pointe Homes comprises about 1.8% of Factorial Partners LLC’s portfolio, making the stock its 27th biggest position. Factorial Partners LLC owned approximately 0.07% of Tri Pointe Homes worth $3,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Gradient Investments LLC acquired a new position in Tri Pointe Homes in the second quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new stake in Tri Pointe Homes in the third quarter valued at $45,000. GAMMA Investing LLC raised its holdings in shares of Tri Pointe Homes by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after purchasing an additional 588 shares during the period. Blue Trust Inc. boosted its position in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after buying an additional 920 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value 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. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $41.70 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a 50-day moving average of $43.32 and a 200-day moving average of $41.51. Tri Pointe Homes, Inc. has a one year low of $28.74 and a one year high of $47.78. The company has a market cap of $3.90 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.68 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TPH. Wedbush reissued a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Zelman & Associates upgraded 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 research note on Tuesday, September 17th. Royal Bank of Canada lowered their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer reduced 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. Finally, Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.75.

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.