Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 23.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,114,358 shares of the construction company's stock after acquiring an additional 210,810 shares during the quarter. Assenagon Asset Management S.A. owned about 1.21% of Tri Pointe Homes worth $35,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after purchasing an additional 335 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after acquiring an additional 613 shares during the period. Assetmark Inc. increased its holdings in shares of Tri Pointe Homes by 19.6% during the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after acquiring an additional 300 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Tri Pointe Homes by 729.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after acquiring an additional 1,831 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position 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 worth $81,000 after purchasing 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 NYSE:TPH traded down $0.91 on Friday, reaching $30.34. The company's stock had a trading volume of 634,788 shares, compared to its average volume of 911,004. The company has a 50-day simple moving average of $30.44 and a 200 day simple moving average of $33.83. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. 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 company has a market cap of $2.75 billion, a P/E ratio of 6.28, a PEG ratio of 0.67 and a beta of 1.24.

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, topping the consensus estimate of $0.45 by $0.25. The company had revenue of $720.79 million for the quarter, compared to analysts' expectations 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 for the quarter was down 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, equities research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Insider Transactions 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 that occurred on Monday, April 28th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on TPH shares. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Oppenheimer dropped their price objective 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. Evercore ISI reduced their target price on shares of 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. Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $38.00 to $43.00 in a research report on Monday, April 28th. Finally, 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 company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Three investment 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. Based on data from MarketBeat, Tri Pointe Homes currently has a consensus rating of "Moderate Buy" and a consensus price target 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.