32,044 Shares in Tri Pointe Homes Inc. $TPH Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group purchased a new stake of 32,044 shares in Tri Pointe Homes in Q3, valued at about $1.09 million, while institutional investors own roughly 97.01% of the stock.
• Tri Pointe reported quarterly EPS of $0.80 versus $0.78 expected and revenue of $972.6M (above estimates) but revenue was down 22.5% year‑over‑year, and analysts' consensus is a "Hold" with an average target of $42.50.
• Director Steven J. Gilbert sold 50,000 shares at an average price of $46.33 on Feb. 19, reducing his position by 62.24%, and insiders now own about 2.70% of the company.

Jefferies Financial Group Inc. purchased a new stake in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,044 shares of the construction company's stock, valued at approximately $1,089,000.

Other hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in shares of Tri Pointe Homes by 45.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company's stock worth $38,000 after purchasing an additional 345 shares during the period. Farther Finance Advisors LLC raised its position in shares of Tri Pointe Homes by 306.8% in the third quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company's stock worth $47,000 after buying an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Tri Pointe Homes by 33.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company's stock valued at $54,000 after buying an additional 401 shares during the period. Pinnacle Holdings LLC purchased a new position in Tri Pointe Homes during the third quarter worth about $64,000. Finally, EverSource Wealth Advisors LLC grew its position in Tri Pointe Homes by 104.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company's stock worth $69,000 after buying an additional 1,100 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $46.35 on Friday. The company has a market capitalization of $3.95 billion, a P/E ratio of 17.04, a PEG ratio of 1.38 and a beta of 1.34. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $46.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.63 and a current ratio of 2.63. The stock has a 50 day moving average price of $39.15 and a two-hundred day moving average price of $35.27.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The firm had revenue of $972.63 million for the quarter, compared to analysts' expectations of $917.86 million. During the same quarter last year, the business earned $1.37 earnings per share. The business's revenue was down 22.5% on a year-over-year basis. Analysts expect that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TPH shares. Weiss Ratings restated a "hold (c)" rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Citizens Jmp started coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They set a "market outperform" rating and a $46.00 price objective for the company. Royal Bank Of Canada upped their price objective on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 17th. Oppenheimer cut shares of Tri Pointe Homes from an "outperform" rating to a "market perform" rating in a research report on Friday, February 13th. Finally, Citigroup started coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set an "outperform" rating for the company. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Tri Pointe Homes currently has an average rating of "Hold" and an average target price of $42.50.

Insiders Place Their Bets

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the sale, the director owned 30,330 shares of the company's stock, valued at $1,405,188.90. This represents a 62.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc NYSE: TPH is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company's operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.

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