Rafferty Asset Management LLC Increases Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Rafferty Asset Management LLC boosted its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 51.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,283 shares of the construction company's stock after buying an additional 21,537 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.07% of Tri Pointe Homes worth $2,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Tri Pointe Homes by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock valued at $419,666,000 after acquiring an additional 143,365 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Tri Pointe Homes in the 4th quarter valued at approximately $118,407,000. Geode Capital Management LLC raised its position in Tri Pointe Homes by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock valued at $91,748,000 after purchasing an additional 44,160 shares during the period. GW&K Investment Management LLC raised its position in Tri Pointe Homes by 5.3% in the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after purchasing an additional 102,187 shares during the period. Finally, American Century Companies Inc. raised its position in Tri Pointe Homes by 14.0% in the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock valued at $70,579,000 after purchasing an additional 238,807 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Up 0.2%

Shares of TPH stock traded up $0.06 on Friday, reaching $29.87. 684,290 shares of the stock were exchanged, compared to its average volume of 902,708. 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 business's 50 day moving average price is $30.89 and its 200 day moving average price is $34.89. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78.

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, topping analysts' consensus estimates of $0.45 by $0.25. The firm had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The company's revenue was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, sell-side analysts expect that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling 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 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 completion of the transaction, the chief executive officer now owns 627,833 shares in the company, valued at $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Tri Pointe Homes 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.