32,072 Shares in Tri Pointe Homes Inc. (NYSE:TPH) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new position in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,072 shares of the construction company's stock, valued at approximately $1,024,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TPH. New York State Teachers Retirement System increased its stake in shares of Tri Pointe Homes by 15.3% during the fourth quarter. New York State Teachers Retirement System now owns 67,505 shares of the construction company's stock worth $2,448,000 after acquiring an additional 8,948 shares during the period. Rhumbline Advisers boosted its holdings in Tri Pointe Homes by 0.5% during the fourth quarter. Rhumbline Advisers now owns 295,722 shares of the construction company's stock worth $10,723,000 after buying an additional 1,553 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Tri Pointe Homes by 15.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 50,340 shares of the construction company's stock worth $1,825,000 after buying an additional 6,707 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Tri Pointe Homes by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company's stock worth $17,626,000 after buying an additional 16,380 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Tri Pointe Homes by 10.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,109 shares of the construction company's stock worth $222,000 after buying an additional 584 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Price Performance

Shares of NYSE TPH traded up $1.14 on Monday, hitting $31.67. The company's stock had a trading volume of 988,109 shares, compared to its average volume of 912,541. Tri Pointe Homes Inc. has a 12-month low of $27.90 and a 12-month high of $47.78. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a 50 day moving average of $30.53 and a 200-day moving average of $33.16.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.02% and a return on equity of 12.97%. The company had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The company's revenue for the quarter was down 21.5% compared to the same quarter last year. As a group, research analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on TPH shares. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

Insider Buying and Selling at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of the company'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 transaction of $3,626,653.05. Following the transaction, the chief executive officer now owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company's stock.

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.