Squarepoint Ops LLC Purchases Shares of 31,171 Tri Pointe Homes, Inc. (NYSE:TPH)

Squarepoint Ops LLC purchased a new stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,171 shares of the construction company's stock, valued at approximately $1,130,000.

Several other institutional investors have also modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its holdings in Tri Pointe Homes by 8.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock worth $126,000 after buying an additional 287 shares in the last quarter. Assetmark Inc. grew 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 worth $66,000 after purchasing an additional 300 shares during the period. Covestor Ltd increased 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 in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Tri Pointe Homes by 0.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock valued at $3,619,000 after buying an additional 340 shares during the period. Finally, Highland Capital Management LLC boosted its holdings in shares of Tri Pointe Homes by 6.7% in the 4th quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock valued at $212,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Stock Performance

NYSE:TPH traded up $0.65 on Wednesday, reaching $30.49. 769,162 shares of the company's stock were exchanged, compared to its average volume of 908,037. Tri Pointe Homes, Inc. has a 52 week low of $27.90 and a 52 week high of $47.78. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 6.31, 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 stock has a fifty day simple moving average of $30.53 and a 200-day simple moving average of $34.31.

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, topping the consensus estimate of $0.45 by $0.25. The firm had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The company's quarterly revenue was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. As a group, sell-side analysts predict 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 dated Monday, April 28th. The shares were 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 directly owns 627,833 shares in the company, valued at approximately $18,929,164.95. This represents a 16.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TPH has been the topic of several research analyst reports. Royal Bank of Canada cut shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Oppenheimer dropped their target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Evercore ISI reduced their target price on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Finally, Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Three equities 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.60.

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.