Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 35.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,406 shares of the construction company's stock after acquiring an additional 51,937 shares during the quarter. Deutsche Bank AG owned about 0.21% of Tri Pointe Homes worth $7,230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TPH. Barclays PLC increased its holdings in shares of Tri Pointe Homes by 103.7% in the 3rd quarter. Barclays PLC now owns 209,239 shares of the construction company's stock valued at $9,480,000 after acquiring an additional 106,543 shares during the period. Park Avenue Securities LLC boosted its position in shares of Tri Pointe Homes by 7.4% in the 4th quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company's stock worth $232,000 after purchasing an additional 444 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Tri Pointe Homes by 34.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 7,661 shares of the construction company's stock worth $278,000 after purchasing an additional 1,949 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its position in shares of Tri Pointe Homes by 3.6% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 239,186 shares of the construction company's stock worth $8,673,000 after purchasing an additional 8,282 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Tri Pointe Homes by 51.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock worth $84,000 after purchasing an additional 789 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Evercore ISI lowered their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Oppenheimer lowered their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $38.00 to $43.00 in a research report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.60.

Tri Pointe Homes Stock Performance

TPH traded up $0.06 on Friday, reaching $29.87. 684,290 shares of the stock were exchanged, compared to its average volume of 901,450. The company's 50-day moving average price is $30.89 and its 200 day moving average price is $34.98. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The firm has a market capitalization of $2.71 billion, a PE ratio of 6.18, a PEG ratio of 0.67 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $713.65 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm's revenue was down 21.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction dated Monday, April 28th. The stock was 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 owns 627,833 shares of the company's stock, valued at $18,929,164.95. The trade was a 16.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.

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.