Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 4.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 282,240 shares of the construction company's stock after selling 13,482 shares during the quarter. Rhumbline Advisers owned about 0.31% of Tri Pointe Homes worth $9,009,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Covestor Ltd grew its holdings in Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after acquiring an additional 335 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Tri Pointe Homes by 84.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after purchasing an additional 613 shares during the last quarter. Assetmark Inc. lifted its holdings in Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC grew its stake in Tri Pointe Homes by 729.5% in the 4th 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 during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Tri Pointe Homes by 562.1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Stock Performance

Shares of TPH stock traded up $0.04 during mid-day trading on Thursday, reaching $31.14. 158,578 shares of the company's stock traded hands, compared to its average volume of 908,905. The firm has a 50 day moving average price of $30.42 and a two-hundred day moving average price of $33.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. Tri Pointe Homes, Inc. has a 12 month low of $27.90 and a 12 month high of $47.78. The firm has a market capitalization of $2.82 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.25. The business had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm's quarterly revenue was down 21.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. On average, research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. The trade was a 16.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

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.