Two Sigma Advisers LP Boosts Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TPH. Covestor Ltd grew its stake 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 buying an additional 335 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Tri Pointe Homes by 84.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock worth $49,000 after acquiring an additional 613 shares during the period. Assetmark Inc. lifted 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 acquiring an additional 300 shares during the period. Sterling Capital Management LLC lifted its position in Tri Pointe Homes by 729.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after acquiring an additional 1,831 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Tri Pointe Homes by 562.1% during the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after acquiring an additional 1,900 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TPH has been the subject of a number of research reports. Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $38.00 to $43.00 in a research report on Monday, April 28th. Oppenheimer lowered their price target on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Evercore ISI lowered their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Finally, Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

Insider Activity

In other 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 value 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 $18,929,164.95. The trade was a 16.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.70% of the company's stock.

Tri Pointe Homes Stock Performance

Shares of TPH stock traded up $0.06 on Friday, hitting $29.87. The company had a trading volume of 684,290 shares, compared to its average volume of 901,450. The firm has a market cap of $2.71 billion, a P/E ratio of 6.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company has a 50-day moving average price of $30.89 and a 200-day moving average price of $34.98. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. 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 quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. The business had revenue of $720.79 million during the quarter, compared to analysts' expectations 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 for the quarter was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, equities research analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

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.