Tudor Investment Corp ET AL Purchases Shares of 212,164 Tri Pointe Homes Inc. $TPH

Key Points

• Tudor Investment Corp bought 212,164 shares of Tri Pointe Homes (NYSE:TPH) in Q3 — roughly $7.21 million — giving it about a 0.25% stake while institutional investors hold ~97.01% of the stock.
• Tri Pointe reported Q results of $0.80 EPS (beat $0.78 estimate) and $972.6M in revenue (beat $917.9M est.) but revenue was down 22.5% year-over-year; the company has a market cap near $3.97B.
• Director Steven J. Gilbert sold 50,000 shares (~$2.32M), cutting his position by 62.24%, and analysts’ consensus is a "Hold" with a $42.50 target despite some firms raising targets or issuing outperform ratings.

Tudor Investment Corp ET AL purchased a new position in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 212,164 shares of the construction company's stock, valued at approximately $7,207,000. Tudor Investment Corp ET AL owned approximately 0.25% of Tri Pointe Homes as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TPH. Harbor Capital Advisors Inc. boosted its holdings in Tri Pointe Homes by 45.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company's stock valued at $38,000 after purchasing an additional 345 shares during the period. Fulcrum Asset Management LLP purchased a new stake in Tri Pointe Homes during the 3rd quarter worth about $44,000. Farther Finance Advisors LLC increased its holdings in Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company's stock worth $47,000 after purchasing an additional 1,043 shares during the period. Nisa Investment Advisors LLC raised its position in Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company's stock valued at $54,000 after purchasing an additional 401 shares in the last quarter. Finally, Pinnacle Holdings LLC acquired a new stake in Tri Pointe Homes in the 3rd quarter valued at about $64,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Price Performance

TPH stock opened at $46.69 on Tuesday. The business has a 50 day moving average price of $41.07 and a 200 day moving average price of $35.82. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.39 and a beta of 1.33. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $46.76. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.33.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The company had revenue of $972.63 million for the quarter, compared to analyst estimates of $917.86 million. During the same period in the prior year, the firm posted $1.37 earnings per share. The firm's revenue was down 22.5% on a year-over-year basis. Equities research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares of the company's stock, valued at $1,405,188.90. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 17th. Citigroup began coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued an "outperform" rating on the stock. Citizens Jmp assumed coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued a "market outperform" rating and a $46.00 price target for the company. Oppenheimer cut shares of Tri Pointe Homes from an "outperform" rating to a "market perform" rating in a report on Friday, February 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $42.50.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc NYSE: TPH is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company's operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.

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