Cubist Systematic Strategies LLC Sells 52,035 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Cubist Systematic Strategies LLC lowered its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 13.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,035 shares of the construction company's stock after selling 52,035 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.35% of Tri Pointe Homes worth $11,895,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TPH. Covestor Ltd increased its stake in shares of Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after purchasing an additional 335 shares during the period. Smartleaf Asset Management LLC raised its position 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 in the last quarter. Assetmark Inc. lifted its stake in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after acquiring an additional 300 shares during the period. Sterling Capital Management LLC lifted its stake in shares of 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 worth $75,000 after acquiring an additional 1,831 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Tri Pointe Homes by 562.1% during the fourth 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.

Insiders Place Their Bets

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the firm'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 transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at $18,929,164.95. This trade represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company's stock.

Tri Pointe Homes Stock Up 1.5%

Shares of TPH stock traded up $0.47 during trading on Monday, hitting $31.94. 287,201 shares of the company were exchanged, compared to its average volume of 888,142. The business's 50-day simple moving average is $31.03 and its 200 day simple moving average is $35.58. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 6.62, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24.

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 for the quarter, topping analysts' consensus estimates of $0.45 by $0.25. The business had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. Tri Pointe Homes's revenue for the quarter was down 21.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TPH. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $38.00 to $43.00 in a 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 note on Thursday, March 6th. Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Evercore ISI reduced their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, Oppenheimer reduced their target price on Tri Pointe Homes from $53.00 to $43.00 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.