Man Group plc Purchases 115,986 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Man Group plc grew its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 452,857 shares of the construction company's stock after buying an additional 115,986 shares during the quarter. Man Group plc owned approximately 0.48% of Tri Pointe Homes worth $16,421,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in Tri Pointe Homes during the 4th quarter valued at approximately $118,407,000. Castlekeep Investment Advisors LLC purchased a new stake in Tri Pointe Homes during the 4th quarter valued at about $60,261,000. Norges Bank bought a new stake in Tri Pointe Homes during the 4th quarter valued at about $14,815,000. Raymond James Financial Inc. purchased a new position in Tri Pointe Homes in the fourth quarter worth about $13,342,000. Finally, Boston Partners purchased a new position in Tri Pointe Homes in the fourth quarter worth about $8,888,000. Institutional investors own 97.01% of the company's stock.

Insider Activity

In related news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction on Monday, April 28th. The stock was 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 directly owns 627,833 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Tri Pointe Homes Stock Performance

Shares of NYSE TPH traded down $0.08 during midday trading on Friday, hitting $29.73. 158,247 shares of the company's stock traded hands, compared to its average volume of 898,658. The firm has a fifty day moving average of $30.92 and a 200 day moving average of $35.07. Tri Pointe Homes, Inc. has a 1 year low of $27.90 and a 1 year 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 $2.70 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its 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 10.36% and a return on equity of 14.34%. The company had revenue of $720.79 million during the quarter, compared to analyst estimates of $713.65 million. During the same period in the previous year, the business posted $1.03 earnings per share. The firm's quarterly revenue was down 21.5% compared to the same quarter last year. On average, analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

TPH has been the topic of a number of research analyst reports. Evercore ISI lowered their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. 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. Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Oppenheimer decreased their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, Wedbush upgraded shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Three 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.