Point72 Asset Management L.P. Takes $1.28 Million Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Point72 Asset Management L.P. bought a new position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,211 shares of the construction company's stock, valued at approximately $1,277,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TPH. Vanguard Group Inc. boosted its position in Tri Pointe Homes by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock valued at $419,666,000 after buying an additional 143,365 shares during the period. Pacer Advisors Inc. bought a new position in shares of Tri Pointe Homes during the 4th quarter worth approximately $118,407,000. Geode Capital Management LLC raised its stake 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 acquiring an additional 44,160 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Tri Pointe Homes by 5.3% during the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock worth $73,850,000 after acquiring an additional 102,187 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Tri Pointe Homes by 14.0% during the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock worth $70,579,000 after purchasing an additional 238,807 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TPH shares. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $38.00 to $43.00 in a research note on Monday, April 28th. 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. 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 research note on Wednesday, February 19th. Finally, Evercore ISI cut 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 report on Wednesday, February 19th. Three equities 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.60.

Insider Buying and Selling at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the company's stock in a transaction dated 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 owns 627,833 shares in the company, valued at $18,929,164.95. This represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company's stock.

Tri Pointe Homes Trading Up 1.3%

NYSE:TPH traded up $0.40 on Tuesday, reaching $30.25. The stock had a trading volume of 78,347 shares, compared to its average volume of 899,474. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 6.27, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The firm's fifty day moving average is $30.85 and its two-hundred day moving average is $34.80. Tri Pointe Homes, Inc. has a 12-month low of $27.90 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $0.45 by $0.25. The company had revenue of $720.79 million during the quarter, compared to analysts' expectations of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The business's revenue was down 21.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Equities analysts expect that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

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.