Ameriprise Financial Inc. Decreases Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Ameriprise Financial Inc. reduced its holdings 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 13F filing with the Securities & Exchange Commission. The firm owned 538,395 shares of the construction company's stock after selling 49,408 shares during the period. Ameriprise Financial Inc. owned about 0.58% of Tri Pointe Homes worth $19,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TPH. HighTower Advisors LLC purchased a new stake in shares of Tri Pointe Homes during the 4th quarter worth $5,553,000. Principal Financial Group Inc. lifted its holdings in Tri Pointe Homes by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company's stock worth $17,626,000 after buying an additional 16,380 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Tri Pointe Homes by 24.9% during the 4th quarter. Wells Fargo & Company MN now owns 53,413 shares of the construction company's stock worth $1,937,000 after buying an additional 10,650 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Tri Pointe Homes by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company's stock worth $41,284,000 after acquiring an additional 27,691 shares in the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Tri Pointe Homes by 5.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after acquiring an additional 102,187 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Down 1.0%

Shares of TPH traded down $0.31 on Wednesday, hitting $31.00. 91,346 shares of the stock traded hands, compared to its average volume of 897,287. Tri Pointe Homes, Inc. has a 1 year low of $27.90 and a 1 year high of $47.78. The stock's 50 day moving average is $30.97 and its two-hundred day moving average is $35.18. The firm has a market capitalization of $2.81 billion, a P/E ratio of 6.42, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

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

Insiders Place Their Bets

In related news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the sale, the chief executive officer now owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. This represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

TPH has been the topic of a number of research analyst reports. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $38.00 to $43.00 in a research report on Monday, April 28th. Oppenheimer decreased 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 shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Evercore ISI reduced their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $41.60.

Tri Pointe Homes Company 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.