ProShare Advisors LLC Has $1.01 Million Position in Tri Pointe Homes, Inc. (NYSE:TPH)

ProShare Advisors LLC increased its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 44.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,812 shares of the construction company's stock after buying an additional 8,569 shares during the quarter. ProShare Advisors LLC's holdings in Tri Pointe Homes were worth $1,008,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Tri Pointe Homes by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock worth $419,666,000 after purchasing an additional 143,365 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Tri Pointe Homes during the fourth quarter worth $118,407,000. Geode Capital Management LLC lifted its stake in Tri Pointe Homes by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock worth $91,748,000 after purchasing an additional 44,160 shares during the last quarter. GW&K Investment Management LLC lifted its stake in Tri Pointe Homes by 5.3% during the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock worth $73,850,000 after purchasing an additional 102,187 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Tri Pointe Homes by 14.0% during the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock worth $70,579,000 after purchasing an additional 238,807 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Tri Pointe Homes Trading Up 2.1%

NYSE:TPH traded up $0.63 during trading hours on Tuesday, hitting $30.48. 267,300 shares of the company were exchanged, compared to its average volume of 900,230. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a one year low of $27.90 and a one year high of $47.78. The company has a fifty day simple moving average of $30.85 and a 200 day simple moving average of $34.80.

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, 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 analyst estimates of $713.65 million. During the same period last year, the company earned $1.03 EPS. Tri Pointe Homes's revenue for the quarter was down 21.5% compared to the same quarter last year. Sell-side analysts expect that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the 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 sale, 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 is accessible through this link. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TPH. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Evercore ISI dropped their price target on 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. Finally, Oppenheimer dropped 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. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.60.

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.