Vanguard Group Inc. Reduces Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Vanguard Group Inc. cut its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 4.0% in the 4th quarter, HoldingsChannel reports. The fund owned 12,335,885 shares of the construction company’s stock after selling 512,650 shares during the quarter. Vanguard Group Inc. owned 0.13% of Tri Pointe Homes worth $436,690,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in Tri Pointe Homes during the 4th quarter valued at about $3,135,000. Invesco Ltd. lifted its holdings in Tri Pointe Homes by 15.1% in the 3rd quarter. Invesco Ltd. now owns 1,042,993 shares of the construction company’s stock worth $28,526,000 after buying an additional 137,175 shares during the period. Assetmark Inc. lifted its holdings in Tri Pointe Homes by 29,825.0% in the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock worth $42,000 after buying an additional 1,193 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Tri Pointe Homes in the 4th quarter worth approximately $35,000. Finally, GW&K Investment Management LLC bought a new stake in shares of Tri Pointe Homes in the 4th quarter worth approximately $24,389,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Oppenheimer lifted their price objective on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Wedbush reiterated a “neutral” rating and issued a $35.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, April 25th. Finally, StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.25.

Insider Activity

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 56,567 shares of Tri Pointe Homes stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the completion of the transaction, the chief executive officer now owns 677,816 shares in the company, valued at $26,963,520.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.

Tri Pointe Homes Trading Down 0.5 %

TPH opened at $36.67 on Thursday. The stock has a market cap of $3.48 billion, a PE ratio of 9.78, a PEG ratio of 0.63 and a beta of 1.55. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $37.95 and a 200-day moving average of $36.13. Tri Pointe Homes, Inc. has a 52 week low of $24.18 and a 52 week high of $40.98.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34. The company had revenue of $918.40 million during the quarter, compared to analysts’ expectations of $867.77 million. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. Equities research analysts predict that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current fiscal year.

About Tri Pointe Homes

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.