Robeco Institutional Asset Management B.V. Reduces Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 75.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,108 shares of the construction company’s stock after selling 40,529 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Tri Pointe Homes were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TPH. Raymond James & Associates grew its holdings in shares of Tri Pointe Homes by 19.2% in the third quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock worth $9,450,000 after purchasing an additional 33,629 shares during the last quarter. Geode Capital Management LLC boosted its position in Tri Pointe Homes by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company’s stock valued at $112,644,000 after buying an additional 76,830 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Tri Pointe Homes by 404.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 43,849 shares of the construction company’s stock valued at $1,987,000 after buying an additional 35,162 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Tri Pointe Homes by 260.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock valued at $64,216,000 after acquiring an additional 1,024,425 shares in the last quarter. Finally, Atria Investments Inc raised its stake in shares of Tri Pointe Homes by 30.0% during the third quarter. Atria Investments Inc now owns 15,839 shares of the construction company’s stock valued at $718,000 after acquiring an additional 3,653 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Thomas J. Mitchell sold 77,384 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the completion of the sale, the chief operating officer now owns 708,159 shares of the company’s stock, valued at $27,724,424.85. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on TPH shares. Royal Bank of Canada reduced their price objective on 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 dropped their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. StockNews.com lowered shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.75.

Tri Pointe Homes Trading Up 1.3 %

Shares of NYSE TPH opened at $36.33 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 stock has a market capitalization of $3.40 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 0.59 and a beta of 1.64. Tri Pointe Homes, Inc. has a 1-year low of $33.24 and a 1-year high of $47.78. The business has a fifty day moving average price of $38.23 and a 200 day moving average price of $41.51.

Tri Pointe Homes announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 18th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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.