UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Tri Pointe Homes, Inc. (NYSE:TPH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 284,527 shares of the construction company's stock after buying an additional 48,857 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Tri Pointe Homes worth $10,317,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC lifted its position in shares of 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 during the last quarter. Assetmark Inc. lifted its position 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 buying an additional 300 shares during the last quarter. Covestor Ltd raised 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 valued at $33,000 after purchasing an additional 335 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in shares of Tri Pointe Homes by 0.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock worth $3,619,000 after purchasing an additional 340 shares in the last quarter. Finally, Highland Capital Management LLC lifted its holdings in 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 worth $212,000 after buying an additional 368 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes 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 of the company's stock, valued at $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on TPH shares. Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Evercore ISI decreased 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. Royal Bank of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Oppenheimer reduced their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Three 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.60.

Tri Pointe Homes Price Performance

Shares of TPH stock traded up $0.65 during trading hours on Wednesday, reaching $30.49. 769,162 shares of the company were exchanged, compared to its average volume of 908,037. The stock's fifty day moving average is $30.53 and its two-hundred day moving average is $34.31. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. The company 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.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly 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 10.36% and a return on equity of 14.34%. The firm had revenue of $720.79 million during the quarter, compared to analysts' expectations of $713.65 million. During the same quarter last year, the company posted $1.03 earnings per share. The company's revenue for the quarter was down 21.5% compared to the same quarter last year. Sell-side analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share 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.