Castlekeep Investment Advisors LLC Makes New $1.64 Million Investment in Tri Pointe Homes, Inc. (NYSE:TPH)

Castlekeep Investment Advisors LLC acquired a new position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,288 shares of the construction company's stock, valued at approximately $1,642,000.

A number of other institutional investors and hedge funds have also modified their holdings of TPH. CIBC Private Wealth Group LLC lifted its position in Tri Pointe Homes by 8.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock worth $126,000 after acquiring an additional 287 shares during the last quarter. Assetmark Inc. increased its stake in shares of Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after purchasing an additional 300 shares during the period. Covestor Ltd lifted 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 during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Tri Pointe Homes by 0.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock worth $3,619,000 after purchasing an additional 340 shares during the last quarter. Finally, Highland Capital Management LLC boosted its stake in Tri Pointe Homes by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock valued at $212,000 after purchasing an additional 368 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Price Performance

TPH traded up $0.14 during midday trading on Thursday, reaching $29.64. 181,550 shares of the company's stock were exchanged, compared to its average volume of 900,442. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $30.79 and a two-hundred day simple moving average of $34.73. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a one year low of $27.90 and a one year high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.45 by $0.25. The company 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%. The firm's revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. As a group, research analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Insider Activity

In related news, CEO Douglas F. Bauer sold 120,287 shares of the firm's 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 directly owns 627,833 shares of the company's stock, valued at $18,929,164.95. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on TPH shares. Oppenheimer dropped their price target 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. Evercore ISI lowered their price objective on shares of 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. 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. Wedbush raised shares of 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 report on Monday, April 28th. Finally, 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. Three 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.