GAMMA Investing LLC Purchases 61,690 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

GAMMA Investing LLC raised its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 3,491.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,457 shares of the construction company's stock after purchasing an additional 61,690 shares during the period. GAMMA Investing LLC owned 0.07% of Tri Pointe Homes worth $1,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 143,365 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 worth $91,748,000 after buying an additional 44,160 shares during the period. GW&K Investment Management LLC grew its position in Tri Pointe Homes by 5.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after purchasing an additional 102,187 shares during the period. American Century Companies Inc. grew its position in Tri Pointe Homes by 14.0% in the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock valued at $70,579,000 after purchasing an additional 238,807 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Tri Pointe Homes by 3.0% in the 4th quarter. Nuveen Asset Management LLC now owns 1,736,288 shares of the construction company's stock valued at $62,958,000 after purchasing an additional 49,916 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Price Performance

NYSE TPH opened at $30.34 on Friday. Tri Pointe Homes, Inc. has a one year low of $27.90 and a one year high of $47.78. The stock has a 50-day moving average of $30.47 and a 200 day moving average of $33.74. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24.

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 the consensus estimate 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 the consensus estimate of $713.65 million. During the same period last year, the company earned $1.03 EPS. Tri Pointe Homes's revenue for the quarter was down 21.5% on a year-over-year basis. On average, sell-side analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Wall Street Analysts Forecast Growth

TPH has been the topic of a number of recent analyst reports. Oppenheimer lowered their target price 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 decreased 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 report on Wednesday, February 19th. Wedbush upgraded 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 research report on Monday, April 28th. Royal Bank of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Finally, Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Three research 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 company currently has an average 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 business's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. The trade was a 16.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

About Tri Pointe Homes

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.

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