Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Caxton Associates LP

Caxton Associates LP decreased its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. HighTower Advisors LLC purchased a new position in shares of Tri Pointe Homes in the 4th quarter worth approximately $5,553,000. Principal Financial Group Inc. raised its stake in shares of Tri Pointe Homes by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company's stock valued at $17,626,000 after acquiring an additional 16,380 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Tri Pointe Homes by 24.9% in the 4th quarter. Wells Fargo & Company MN now owns 53,413 shares of the construction company's stock worth $1,937,000 after acquiring an additional 10,650 shares during the last quarter. William Blair Investment Management LLC boosted its stake 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 purchasing an additional 27,691 shares during the period. Finally, GW&K Investment Management LLC grew its holdings in Tri Pointe Homes by 5.3% during 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 purchasing an additional 102,187 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tri Pointe Homes

In other 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 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 document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TPH has been the topic of a number of analyst reports. Evercore ISI cut their target price 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. Oppenheimer cut their price objective 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. Royal Bank of Canada cut shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $41.00 to $37.00 in a 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, Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $38.00 to $43.00 in a research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tri Pointe Homes has an average rating of "Moderate Buy" and an average price target of $41.60.

Tri Pointe Homes Stock Down 1.0 %

Tri Pointe Homes stock traded down $0.32 during mid-day trading on Friday, reaching $31.45. 880,100 shares of the company were exchanged, compared to its average volume of 890,498. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The firm has a market cap of $2.85 billion, a P/E ratio of 6.51, a PEG ratio of 0.67 and a beta of 1.34. The business has a fifty day moving average of $31.03 and a 200 day moving average of $35.61. Tri Pointe Homes, Inc. has a 12-month low of $27.90 and a 12-month high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data 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. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The company had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. During the same quarter last year, the company earned $1.03 earnings per share. The firm's revenue for the quarter was down 21.5% compared to the same quarter last year. Research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal 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.