SG Americas Securities LLC Purchases New Holdings in Tri Pointe Homes Inc. (NYSE:TPH)

SG Americas Securities LLC acquired a new stake in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,410 shares of the construction company's stock, valued at approximately $300,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its holdings in shares of Tri Pointe Homes by 8.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock worth $126,000 after purchasing an additional 287 shares during the last quarter. Assetmark Inc. increased its stake in shares of Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after acquiring an additional 300 shares during the last quarter. Covestor Ltd lifted its holdings 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 acquiring an additional 335 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of Tri Pointe Homes by 0.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock worth $3,619,000 after acquiring an additional 340 shares during the period. Finally, Hancock Whitney Corp boosted its position in shares of Tri Pointe Homes by 8.3% in the fourth quarter. Hancock Whitney Corp now owns 5,779 shares of the construction company's stock worth $210,000 after acquiring an additional 442 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TPH. Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Three research 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.60.

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 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 completion of the sale, the chief executive officer owned 627,833 shares of the company's stock, valued at $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Tri Pointe Homes Price Performance

NYSE TPH remained flat at $31.96 during mid-day trading on Monday. 1,252,266 shares of the company traded hands, compared to its average volume of 916,721. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 7.10, a P/E/G ratio of 0.83 and a beta of 1.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The company has a 50-day moving average price of $30.76 and a two-hundred day moving average price of $32.83.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.02% and a return on equity of 12.97%. The business had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. During the same quarter last year, the firm posted $1.03 EPS. The business's revenue for the quarter was down 21.5% compared to the same quarter last year. On average, equities analysts forecast 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.