ProShare Advisors LLC Grows Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

ProShare Advisors LLC raised its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,812 shares of the construction company's stock after buying an additional 8,569 shares during the period. ProShare Advisors LLC's holdings in Tri Pointe Homes were worth $1,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC boosted its stake in Tri Pointe Homes by 103.7% in the third quarter. Barclays PLC now owns 209,239 shares of the construction company's stock valued at $9,480,000 after buying an additional 106,543 shares in the last quarter. Park Avenue Securities LLC increased its position in Tri Pointe Homes by 7.4% during the 4th quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company's stock valued at $232,000 after purchasing an additional 444 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Tri Pointe Homes by 51.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock valued at $84,000 after purchasing an additional 789 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Tri Pointe Homes by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,998 shares of the construction company's stock worth $508,000 after buying an additional 648 shares during the period. Finally, Inspire Investing LLC lifted its holdings in Tri Pointe Homes by 17.8% in the fourth quarter. Inspire Investing LLC now owns 12,077 shares of the construction company's stock valued at $438,000 after buying an additional 1,829 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction dated Monday, April 28th. The shares were 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 $18,929,164.95. The trade was a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

Tri Pointe Homes Stock Performance

Shares of NYSE TPH traded down $0.88 during trading on Wednesday, reaching $29.69. 90,786 shares of the company traded hands, compared to its average volume of 899,273. Tri Pointe Homes, Inc. has a 12-month low of $27.90 and a 12-month high of $47.78. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.69 billion, a P/E ratio of 6.15, a PEG ratio of 0.67 and a beta of 1.34. The firm's fifty day simple moving average is $30.82 and its 200 day simple moving average is $34.77.

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

Analyst Ratings Changes

TPH has been the subject of a number of analyst reports. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. 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. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their price target for the company from $38.00 to $43.00 in a report on Monday, April 28th. Royal Bank of Canada cut 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. Finally, Evercore ISI lowered their target price 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. 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

About Tri Pointe Homes

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.