Castlekeep Investment Advisors LLC Purchases Shares of 45,288 Tri Pointe Homes, Inc. (NYSE:TPH)

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

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Tri Pointe Homes by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock worth $419,666,000 after purchasing an additional 143,365 shares during the period. Pacer Advisors Inc. bought a new position in shares of Tri Pointe Homes during the 4th quarter worth approximately $118,407,000. Geode Capital Management LLC grew its stake in Tri Pointe Homes by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock valued at $91,748,000 after purchasing an additional 44,160 shares during the last quarter. GW&K Investment Management LLC raised its position in Tri Pointe Homes by 5.3% during the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after acquiring an additional 102,187 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Tri Pointe Homes by 14.0% during the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock worth $70,579,000 after purchasing an additional 238,807 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TPH. Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $38.00 to $43.00 in a research report on Monday, April 28th. 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. Evercore ISI dropped 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. Oppenheimer decreased their target price on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Three equities 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 company's stock. Based on data from MarketBeat.com, Tri Pointe Homes has an average rating of "Moderate Buy" and a consensus target price of $41.60.

Insider Activity at Tri Pointe Homes

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

Tri Pointe Homes Trading Up 2.4%

Tri Pointe Homes stock traded up $0.71 during midday trading on Tuesday, reaching $30.56. The stock had a trading volume of 831,217 shares, compared to its average volume of 902,423. The stock's 50-day simple moving average is $30.85 and its 200 day simple moving average is $34.80. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month 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 stock has a market capitalization of $2.77 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, topping 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 period last year, the business posted $1.03 EPS. The company's quarterly revenue was down 21.5% compared to the same quarter last year. Analysts expect that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

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.