GW&K Investment Management LLC Sells 26,164 Shares of Tri Pointe Homes Inc. (NYSE:TPH)

GW&K Investment Management LLC decreased its position in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,010,525 shares of the construction company's stock after selling 26,164 shares during the period. GW&K Investment Management LLC owned about 2.22% of Tri Pointe Homes worth $64,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Covestor Ltd boosted its position in Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after buying an additional 335 shares in the last quarter. Sterling Capital Management LLC boosted its position in Tri Pointe Homes by 729.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after buying an additional 1,831 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Tri Pointe Homes in the fourth quarter valued at approximately $118,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Tri Pointe Homes by 8.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock worth $126,000 after purchasing an additional 287 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Tri Pointe Homes by 67.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,578 shares of the construction company's stock worth $130,000 after purchasing an additional 1,445 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction on 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 sale, the chief executive officer directly owned 627,833 shares of the company's stock, valued at approximately $18,929,164.95. The trade was a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Tri Pointe Homes Trading Down 6.3%

TPH stock traded down $2.23 during midday trading on Thursday, hitting $32.96. The stock had a trading volume of 609,078 shares, compared to its average volume of 1,010,314. The firm has a market cap of $2.99 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $47.78. The business has a fifty day moving average price of $31.64 and a two-hundred day moving average price of $32.45.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, July 24th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. Tri Pointe Homes had a net margin of 10.02% and a return on equity of 12.97%. The business had revenue of $884.01 million for the quarter, compared to analyst estimates of $810.77 million. During the same quarter in the previous year, the business earned $1.25 earnings per share. Tri Pointe Homes's revenue for the quarter was down 22.3% on a year-over-year basis. On average, sell-side analysts predict that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush upgraded shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $41.60.

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.