Richard Bernstein Advisors LLC Lowers Stock Position in Tri Pointe Homes Inc. (NYSE:TPH)

Richard Bernstein Advisors LLC reduced its holdings in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 8.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,049 shares of the construction company's stock after selling 12,720 shares during the period. Richard Bernstein Advisors LLC owned approximately 0.15% of Tri Pointe Homes worth $4,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd boosted its stake in shares of Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after purchasing an additional 335 shares during the period. Smartleaf Asset Management LLC raised its holdings 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 in the last quarter. Assetmark Inc. raised its holdings in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after purchasing an additional 300 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of 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 purchasing an additional 1,831 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Tri Pointe Homes during the 4th quarter worth approximately $118,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wedbush upgraded shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $38.00 to $43.00 in a research note on Monday, April 28th. 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.60.

Tri Pointe Homes Stock Performance

NYSE:TPH traded up $0.28 during trading hours on Thursday, hitting $34.43. 875,953 shares of the company were exchanged, compared to its average volume of 923,111. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 0.85 and a beta of 1.25. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.97 and a quick ratio of 1.97. The company's 50 day moving average price is $31.18 and its 200-day moving average price is $32.64.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings data 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 business had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a net margin of 10.02% and a return on equity of 12.97%. The business's revenue for the quarter was down 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. As a group, research analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the company's stock in a transaction 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 directly owned 627,833 shares of the company's stock, valued at $18,929,164.95. This represents a 16.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by company insiders.

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.