O Keefe Stevens Advisory Inc. Has $7.94 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

O Keefe Stevens Advisory Inc. boosted its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,584 shares of the construction company's stock after purchasing an additional 9,398 shares during the period. Tri Pointe Homes makes up about 2.6% of O Keefe Stevens Advisory Inc.'s investment portfolio, making the stock its 16th biggest holding. O Keefe Stevens Advisory Inc. owned approximately 0.27% of Tri Pointe Homes worth $7,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of TPH. Covestor Ltd boosted its holdings in shares of Tri Pointe Homes by 58.5% in the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after buying an additional 335 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Tri Pointe Homes by 84.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock worth $49,000 after buying an additional 613 shares during the period. Assetmark Inc. raised its stake in 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 in the last quarter. Sterling Capital Management LLC lifted its holdings in Tri Pointe Homes by 729.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after purchasing an additional 1,831 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after buying an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TPH shares. Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their target price for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Evercore ISI reduced their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Oppenheimer dropped their price target 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. Finally, Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tri Pointe Homes currently has an average rating of "Moderate Buy" and an average target price of $41.60.

Tri Pointe Homes Stock Performance

TPH stock traded up $0.08 during trading on Thursday, reaching $30.53. 221,345 shares of the stock were exchanged, compared to its average volume of 905,377. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $2.77 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The stock has a 50 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 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.25. The company had revenue of $720.79 million for the quarter, compared to analyst estimates 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 revenue was down 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. As a group, sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Insider Buying and Selling at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes 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 completion of the transaction, the chief executive officer now directly owns 627,833 shares of the company's stock, valued at $18,929,164.95. This trade represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company's stock.

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.