Teacher Retirement System of Texas Cuts Stake in Tri Pointe Homes Inc. (NYSE:TPH)

Teacher Retirement System of Texas lowered its stake in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 48.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,108 shares of the construction company's stock after selling 67,095 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Tri Pointe Homes worth $2,270,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Covestor Ltd increased its stake in shares of Tri Pointe Homes by 58.5% in the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after acquiring an additional 335 shares in the last quarter. Assetmark Inc. increased its stake in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after acquiring an additional 300 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after acquiring an additional 1,831 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Tri Pointe Homes in the 4th quarter valued at $118,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Tri Pointe Homes by 8.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock valued at $126,000 after acquiring an additional 287 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Stock Up 0.8%

NYSE TPH traded up $0.28 during mid-day trading on Thursday, hitting $34.43. The company's stock had a trading volume of 875,953 shares, compared to its average volume of 923,111. The company's 50 day simple moving average is $31.18 and its 200 day simple moving average is $32.64. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 0.85 and a beta of 1.25.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $713.65 million. Tri Pointe Homes had a net margin of 10.02% and a return on equity of 12.97%. Tri Pointe Homes's revenue was down 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. Analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $38.00 to $43.00 in a research report on Monday, April 28th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the transaction, the chief executive officer directly owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate 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.