Tri Pointe Homes, Inc. (NYSE:TPH) Shares Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC boosted its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 51.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 0.07% of Tri Pointe Homes worth $2,295,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its position in Tri Pointe Homes by 8.8% in the fourth 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. grew its position in 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 in the last quarter. Covestor Ltd grew its position in 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. grew its position in 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 purchasing an additional 340 shares in the last quarter. Finally, Highland Capital Management LLC grew its position in Tri Pointe Homes by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock worth $212,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Tri Pointe Homes Trading Down 1.4%

Tri Pointe Homes stock opened at $31.53 on Tuesday. Tri Pointe Homes, Inc. has a 52 week low of $27.90 and a 52 week high of $47.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The firm has a market capitalization of $2.86 billion, a PE ratio of 6.53, a PEG ratio of 0.67 and a beta of 1.34. The business's 50-day simple moving average is $30.97 and its 200-day simple moving average is $35.20.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.25. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The business had revenue of $720.79 million during the quarter, compared to analysts' expectations of $713.65 million. During the same quarter in the previous year, the firm earned $1.03 EPS. The firm's revenue was down 21.5% compared to the same quarter last year. Equities research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction dated Monday, April 28th. The stock was 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 owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. The trade was a 16.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by insiders.

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.

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