Tudor Investment Corp ET AL Takes Position in Tri Pointe Homes Inc. $TPH

Key Points

• Tudor Investment Corp purchased a new stake of 212,164 shares in Tri Pointe Homes worth about $7.21 million, bringing its ownership to roughly 0.25% as institutional investors now own 97.01% of the company.
• Equity analysts hold a consensus “Hold” rating with a $42.50 consensus price target, below the stock’s recent open near $46.72, though some firms (e.g., RBC, Citizens) have issued higher targets or outperform views.
• Tri Pointe beat quarterly estimates with $0.80 EPS (vs. $0.78) and $972.6M revenue (vs. $917.9M) despite revenue falling 22.5% year-over-year, while insider Director Steven J. Gilbert sold 50,000 shares, cutting his stake by ~62%.

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in shares of 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 buying an additional 345 shares during the period. Fulcrum Asset Management LLP bought a new stake in shares of Tri Pointe Homes during the 3rd quarter valued at about $44,000. Farther Finance Advisors LLC boosted its position in shares of 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 valued at $47,000 after purchasing an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Tri Pointe Homes by 33.4% during 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 bought a new stake in shares of Tri Pointe Homes during the 3rd quarter valued at about $64,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TPH shares. Weiss Ratings restated a "hold (c)" rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Oppenheimer lowered Tri Pointe Homes from an "outperform" rating to a "market perform" rating in a research report on Friday, February 13th. Royal Bank Of Canada upped their target price on Tri Pointe Homes from $31.00 to $47.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 17th. Citizens Jmp started coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set a "market outperform" rating and a $46.00 target price on the stock. Finally, Citigroup started coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set an "outperform" rating on the stock. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.50.

Tri Pointe Homes Stock Down 0.2%

Shares of Tri Pointe Homes stock opened at $46.72 on Wednesday. The stock's 50-day moving average is $43.70 and its 200 day moving average is $36.69. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.39 and a beta of 1.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $46.80.

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

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director owned 30,330 shares in the company, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company's stock.

About Tri Pointe Homes

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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