Tri Pointe Homes, Inc. (NYSE:TPH) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP grew its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 629,400 shares of the construction company's stock after purchasing an additional 63,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.67% of Tri Pointe Homes worth $22,822,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TPH. Pacer Advisors Inc. bought a new stake in shares of Tri Pointe Homes during the fourth quarter valued at approximately $118,407,000. Castlekeep Investment Advisors LLC bought a new position in shares of Tri Pointe Homes during the 4th quarter valued at approximately $60,261,000. Norges Bank purchased a new stake in shares of Tri Pointe Homes in the fourth quarter worth $14,815,000. Raymond James Financial Inc. purchased a new stake in Tri Pointe Homes in the 4th quarter worth $13,342,000. Finally, Boston Partners purchased a new stake in shares of Tri Pointe Homes during the fourth quarter worth about $8,888,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock traded up $0.06 during trading on Monday, hitting $29.87. 684,290 shares of the company's stock were exchanged, compared to its average volume of 902,708. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The business has a 50-day simple moving average of $30.89 and a 200-day simple moving average of $34.89. The stock 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 (NYSE:TPH - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.25. The firm 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 business's revenue was down 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. On average, research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Analysts Set New Price Targets

TPH has been the topic of a number of research analyst reports. Oppenheimer decreased their target price on 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. 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 reduced their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada lowered 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 report on Wednesday, February 19th. Finally, Wedbush raised shares of 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 report on Monday, April 28th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.60.

Insider Buying and Selling

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $30.15, for a total value of $3,626,653.05. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company 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.