Nuveen Asset Management LLC Acquires 49,916 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

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

A number of other large investors have also recently bought and sold shares of the business. Barclays PLC raised its holdings in Tri Pointe Homes by 103.7% during the third quarter. Barclays PLC now owns 209,239 shares of the construction company's stock valued at $9,480,000 after buying an additional 106,543 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Tri Pointe Homes by 7.4% in the 4th quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company's stock valued at $232,000 after acquiring an additional 444 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Tri Pointe Homes by 34.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 7,661 shares of the construction company's stock valued at $278,000 after acquiring an additional 1,949 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 51.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock worth $84,000 after purchasing an additional 789 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Tri Pointe Homes by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,998 shares of the construction company's stock worth $508,000 after purchasing an additional 648 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TPH shares. Evercore ISI dropped their price target 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. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. 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. Oppenheimer decreased their price target 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 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 note on Monday, April 28th. Three research 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. According to data from MarketBeat.com, Tri Pointe Homes has an average rating of "Moderate Buy" and a consensus price target of $41.60.

Insider Buying and Selling at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction that occurred 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 sale, the chief executive officer now owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. This trade represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company's stock.

Tri Pointe Homes Stock Performance

Tri Pointe Homes stock traded down $0.34 during mid-day trading on Thursday, reaching $29.85. The company had a trading volume of 710,436 shares, compared to its average volume of 900,734. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.67 and a beta of 1.34. The company has a 50 day moving average of $30.95 and a 200-day moving average of $35.14. Tri Pointe Homes, Inc. has a 52 week low of $27.90 and a 52 week high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share 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 during the quarter, compared to analysts' expectations of $713.65 million. During the same quarter last year, the company earned $1.03 earnings per share. The firm's revenue was down 21.5% on a year-over-year basis. On average, sell-side analysts expect that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

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.