Ameriprise Financial Inc. Sells 49,408 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Ameriprise Financial Inc. decreased its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 538,395 shares of the construction company's stock after selling 49,408 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.58% of Tri Pointe Homes worth $19,522,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its stake in shares of Tri Pointe Homes by 8.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock valued at $126,000 after acquiring an additional 287 shares during the period. Assetmark Inc. raised its holdings in Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after purchasing an additional 300 shares during the last quarter. Covestor Ltd lifted its position in Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after purchasing an additional 335 shares during the period. Hillsdale Investment Management Inc. lifted its position in Tri Pointe Homes by 0.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock valued at $3,619,000 after purchasing an additional 340 shares during the period. Finally, Highland Capital Management LLC boosted its stake in shares of Tri Pointe Homes by 6.7% in the 4th quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock valued at $212,000 after purchasing an additional 368 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Stock Down 1.4%

NYSE TPH traded down $0.45 during trading hours on Monday, reaching $31.53. 800,937 shares of the company's stock were exchanged, compared to its average volume of 899,498. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company's 50-day moving average is $30.98 and its two-hundred day moving average is $35.27. Tri Pointe Homes, Inc. has a one year low of $27.90 and a one year high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm had revenue of $720.79 million during the quarter, compared to analyst estimates of $713.65 million. During the same period in the prior year, the business earned $1.03 EPS. The company's revenue for the quarter was down 21.5% compared to the same quarter last year. On average, analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $30.15, for a total value of $3,626,653.05. Following the sale, the chief executive officer now owns 627,833 shares in the company, valued at approximately $18,929,164.95. The trade was a 16.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TPH has been the topic of several analyst reports. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Evercore ISI cut their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Oppenheimer dropped their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Finally, Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their price target for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Three 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.60.

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.