Caxton Associates LP Reduces Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Caxton Associates LP decreased its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 53.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,946 shares of the construction company's stock after selling 45,967 shares during the quarter. Caxton Associates LP's holdings in Tri Pointe Homes were worth $1,448,000 at the end of the most recent quarter.

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

Tri Pointe Homes Trading Down 0.1 %

NYSE:TPH opened at $31.46 on Tuesday. The business has a fifty day moving average price of $31.03 and a 200-day moving average price of $35.89. Tri Pointe Homes, Inc. has a one year low of $27.90 and a one year high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44.

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, beating analysts' consensus estimates of $0.45 by $0.25. The company had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm's revenue was down 21.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. Sell-side analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Insider Activity

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 value of $3,626,653.05. Following the completion of the sale, the chief executive officer now owns 627,833 shares in the company, valued at approximately $18,929,164.95. This represents a 16.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TPH shares. Royal Bank of Canada downgraded shares of 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 research report on Wednesday, February 19th. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Oppenheimer cut their target price 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. 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 lowered their price objective on 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 investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, 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.

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