Charles Schwab Investment Management Inc. Has $33.85 Million Stock Holdings in Tri Pointe Homes Inc. $TPH

Charles Schwab Investment Management Inc. lessened its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,075,623 shares of the construction company’s stock after selling 29,711 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tri Pointe Homes were worth $33,850,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fulcrum Asset Management LLP acquired a new position in shares of Tri Pointe Homes during the third quarter valued at $44,000. Nisa Investment Advisors LLC lifted its stake in shares of Tri Pointe Homes by 33.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after acquiring an additional 401 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Tri Pointe Homes by 35.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,876 shares of the construction company’s stock valued at $59,000 after acquiring an additional 493 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Tri Pointe Homes during the third quarter valued at $64,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Tri Pointe Homes by 104.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock valued at $69,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the sale, the director owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TPH shares. Weiss Ratings lowered Tri Pointe Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada increased their target price on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Tri Pointe Homes presently has a consensus rating of “Hold” and an average price target of $42.50.

Tri Pointe Homes Stock Up 0.0%

Shares of NYSE:TPH opened at $46.97 on Friday. Tri Pointe Homes Inc. has a 52 week low of $28.72 and a 52 week high of $46.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $4.00 billion, a PE ratio of 22.37, a PEG ratio of 1.37 and a beta of 1.16. The company has a 50 day moving average price of $46.73 and a two-hundred day moving average price of $39.19.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Wednesday, April 29th. The construction company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.22). Tri Pointe Homes had a net margin of 5.77% and a return on equity of 6.24%. The firm had revenue of $507.90 million during the quarter, compared to the consensus estimate of $495.67 million. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue for the quarter was down 29.7% on a year-over-year basis. Analysts forecast that Tri Pointe Homes Inc. will post 2.64 earnings per share for the current year.

Tri Pointe Homes Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.