OneDigital Investment Advisors LLC Acquires New Position in Tri Pointe Homes, Inc. (NYSE:TPH)

OneDigital Investment Advisors LLC bought a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,799 shares of the construction company’s stock, valued at approximately $217,000.

Other hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in Tri Pointe Homes by 80.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 26,042 shares of the construction company’s stock worth $1,180,000 after acquiring an additional 11,649 shares during the last quarter. MQS Management LLC purchased a new position in shares of Tri Pointe Homes during the 3rd quarter worth $715,000. Victory Capital Management Inc. increased its position in shares of Tri Pointe Homes by 3.7% during the 3rd quarter. Victory Capital Management Inc. now owns 282,612 shares of the construction company’s stock worth $12,805,000 after purchasing an additional 10,116 shares during the last quarter. Aigen Investment Management LP raised its holdings in Tri Pointe Homes by 3.3% in the 3rd quarter. Aigen Investment Management LP now owns 26,126 shares of the construction company’s stock valued at $1,184,000 after buying an additional 828 shares during the period. Finally, GSA Capital Partners LLP lifted its position in Tri Pointe Homes by 4.4% in the third quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company’s stock valued at $280,000 after buying an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tri Pointe Homes Stock Performance

Shares of TPH opened at $42.62 on Friday. Tri Pointe Homes, Inc. has a 1 year low of $28.74 and a 1 year high of $47.78. The stock has a market capitalization of $3.99 billion, a PE ratio of 8.71, a PEG ratio of 0.68 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50-day simple moving average of $43.29 and a 200-day simple moving average of $41.51.

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

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.