Nuveen Asset Management LLC Has $62.96 Million Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Nuveen Asset Management LLC lifted its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,736,288 shares of the construction company's stock after buying an additional 49,916 shares during the quarter. Nuveen Asset Management LLC owned about 1.86% of Tri Pointe Homes worth $62,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC grew its stake in shares of Tri Pointe Homes by 8.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock valued at $126,000 after buying an additional 287 shares in the last quarter. Assetmark Inc. grew its stake in shares of Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after buying an additional 300 shares in the last quarter. Covestor Ltd grew its stake in shares of 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. Hillsdale Investment Management Inc. grew its stake in shares of Tri Pointe Homes by 0.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock valued at $3,619,000 after buying an additional 340 shares in the last quarter. Finally, Highland Capital Management LLC grew its stake in shares of Tri Pointe Homes by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock valued at $212,000 after buying an additional 368 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TPH. Royal Bank of Canada cut shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Oppenheimer reduced 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 research report on Wednesday, February 19th. Evercore ISI reduced their price objective on shares of 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. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $38.00 to $43.00 in a research report on Monday, April 28th. Finally, Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $41.60.

Insider Activity at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at approximately $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

Tri Pointe Homes Stock Performance

Shares of TPH stock traded up $0.06 on Friday, hitting $29.87. The company's stock had a trading volume of 684,290 shares, compared to its average volume of 902,708. 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's 50 day moving average is $30.89 and its 200-day moving average is $34.94. 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 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 released its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 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 business had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. During the same period in the prior year, the company posted $1.03 earnings per share. Tri Pointe Homes's revenue was down 21.5% compared to the same quarter last year. Equities research analysts expect that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

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.