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

Castlekeep Investment Advisors LLC bought a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and 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 1.78% of Tri Pointe Homes at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its position in Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after purchasing an additional 335 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Tri Pointe Homes by 84.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock worth $49,000 after buying an additional 613 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of 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 buying an additional 300 shares during the period. Sterling Capital Management LLC grew its stake in Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after buying an additional 1,831 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after acquiring an additional 1,900 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Price Performance

Shares of TPH traded down $0.32 during trading hours on Friday, hitting $31.45. 880,100 shares of the company were exchanged, compared to its average volume of 890,498. 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 fifty-two week low of $27.90 and a fifty-two week high of $47.78. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.67 and a beta of 1.34. The firm's fifty day moving average is $31.03 and its 200 day moving average is $35.61.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $713.65 million. During the same period in the prior year, the company posted $1.03 earnings per share. The business's revenue for the quarter was down 21.5% on a year-over-year basis. On average, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $18,929,164.95. This trade represents a 16.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TPH has been the topic of several research reports. Oppenheimer decreased their target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. 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 lowered their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. 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. Based on data from MarketBeat.com, Tri Pointe Homes 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.