Two Sigma Investments LP Cuts Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Two Sigma Investments LP trimmed its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 14.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 365,771 shares of the construction company's stock after selling 60,158 shares during the period. Two Sigma Investments LP owned approximately 0.39% of Tri Pointe Homes worth $13,263,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Sherbrooke Park Advisers LLC lifted its stake in shares of Tri Pointe Homes by 109.4% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 11,461 shares of the construction company's stock worth $416,000 after acquiring an additional 5,989 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Tri Pointe Homes by 51.6% during the 4th quarter. Rafferty Asset Management LLC now owns 63,283 shares of the construction company's stock worth $2,295,000 after acquiring an additional 21,537 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Tri Pointe Homes during the 4th quarter worth approximately $1,277,000. ProShare Advisors LLC lifted its stake in shares of Tri Pointe Homes by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 27,812 shares of the construction company's stock worth $1,008,000 after acquiring an additional 8,569 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Tri Pointe Homes by 13.2% during the 4th quarter. Quantinno Capital Management LP now owns 9,285 shares of the construction company's stock worth $337,000 after acquiring an additional 1,081 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

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

Tri Pointe Homes Trading Up 0.1%

TPH traded up $0.02 during trading on Thursday, hitting $29.52. 81,955 shares of the stock were exchanged, compared to its average volume of 900,091. The firm has a 50 day simple moving average of $30.79 and a 200 day simple moving average of $34.73. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 6.12, a P/E/G ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a 1 year low of $27.90 and a 1 year 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.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.45 by $0.25. The company had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. Tri Pointe Homes's quarterly revenue was down 21.5% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. As a group, equities analysts expect that Tri Pointe Homes, Inc. will post 3.58 EPS for the current 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.