BNP Paribas Financial Markets Has $2.84 Million Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

BNP Paribas Financial Markets cut its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 79.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,309 shares of the construction company's stock after selling 304,097 shares during the period. BNP Paribas Financial Markets owned 0.08% of Tri Pointe Homes worth $2,839,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in shares of Tri Pointe Homes in the 4th quarter worth approximately $118,407,000. Norges Bank acquired a new position in Tri Pointe Homes in the fourth quarter worth $14,815,000. Raymond James Financial Inc. bought a new stake in shares of Tri Pointe Homes during the fourth quarter worth $13,342,000. Boston Partners acquired a new stake in shares of Tri Pointe Homes in the fourth quarter valued at $8,888,000. Finally, American Century Companies Inc. raised its holdings in shares of Tri Pointe Homes by 14.0% in the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock valued at $70,579,000 after buying an additional 238,807 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

TPH has been the topic of a number of research analyst reports. Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their price target for the company from $38.00 to $43.00 in a report on Monday, April 28th. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Oppenheimer lowered their target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, 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. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

Tri Pointe Homes Trading Down 1.0%

TPH stock traded down $0.31 during midday trading on Wednesday, reaching $31.00. The company's stock had a trading volume of 91,346 shares, compared to its average volume of 897,287. The business's 50-day simple moving average is $30.97 and its 200-day simple moving average is $35.18. 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, Inc. has a 52 week low of $27.90 and a 52 week high of $47.78. The stock has a market cap of $2.81 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

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