Entropy Technologies LP Takes Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Entropy Technologies LP acquired a new position in Tri Pointe Homes, Inc. (NYSE:TPH) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 7,900 shares of the construction company’s stock, valued at approximately $358,000.

Several other large investors have also recently added to or reduced their stakes in TPH. Gradient Investments LLC bought a new position in shares of Tri Pointe Homes in the second quarter worth $30,000. Reston Wealth Management LLC acquired a new stake in Tri Pointe Homes in the third quarter worth about $45,000. GAMMA Investing LLC grew its position in Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after buying an additional 588 shares in the last quarter. Blue Trust Inc. increased its stake in Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after buying an additional 427 shares during the period. Finally, CWM LLC raised its position in shares of Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after buying an additional 920 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the general counsel now owns 85,792 shares in the company, valued at $3,798,869.76. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $41.79 on Friday. The company has a 50-day moving average of $43.33 and a two-hundred day moving average of $41.40. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.67 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. Tri Pointe Homes, Inc. has a one year low of $28.74 and a one year high of $47.78.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Wedbush reiterated a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Oppenheimer cut their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price on the stock in a report on Tuesday, September 17th. Finally, Royal Bank of Canada cut their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average target price of $45.75.

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.