Castlekeep Investment Advisors LLC Takes $60.26 Million Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Castlekeep Investment Advisors LLC bought a new position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,661,905 shares of the construction company's stock, valued at approximately $60,261,000. Castlekeep Investment Advisors LLC owned approximately 1.78% of Tri Pointe Homes as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in shares of Tri Pointe Homes in the fourth quarter worth about $118,407,000. Norges Bank bought a new position in shares of Tri Pointe Homes in the fourth quarter valued at approximately $14,815,000. Raymond James Financial Inc. bought a new stake in shares of Tri Pointe Homes during the 4th quarter worth $13,342,000. Boston Partners bought a new position in Tri Pointe Homes in the 4th quarter worth $8,888,000. Finally, American Century Companies Inc. lifted its position in Tri Pointe Homes by 14.0% during the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock worth $70,579,000 after acquiring an additional 238,807 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Stock Performance

TPH traded up $0.43 during trading on Wednesday, reaching $31.08. 1,547,606 shares of the company's stock were exchanged, compared to its average volume of 885,392. The company has a market capitalization of $2.82 billion, a P/E ratio of 6.43, a PEG 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. The business has a 50 day moving average price of $31.01 and a 200 day moving average price of $35.82. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.25. The business had revenue of $720.79 million for the quarter, compared to analysts' expectations of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm's revenue for the quarter was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share 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 stock in a transaction on 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 $18,929,164.95. This represents a 16.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

About Tri Pointe Homes

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.