Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 175,939 shares of the construction company's stock, valued at approximately $6,380,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.19% of Tri Pointe Homes at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TPH. CIBC Private Wealth Group LLC boosted its stake in Tri Pointe Homes by 8.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock worth $126,000 after purchasing an additional 287 shares during the period. Assetmark Inc. raised its holdings in shares of Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after buying an additional 300 shares during the last quarter. Covestor Ltd boosted its stake in shares of Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after buying an additional 335 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of Tri Pointe Homes by 0.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock worth $3,619,000 after buying an additional 340 shares during the last quarter. Finally, Highland Capital Management LLC grew its holdings in shares of Tri Pointe Homes by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock worth $212,000 after buying an additional 368 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock traded up $0.65 during midday trading on Wednesday, reaching $30.49. The company's stock had a trading volume of 769,162 shares, compared to its average volume of 908,037. The firm has a market capitalization of $2.76 billion, a PE ratio of 6.31, a P/E/G ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. The stock's 50 day simple moving average is $30.53 and its 200 day simple moving average is $34.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating 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 analysts' expectations of $713.65 million. During the same quarter last year, the business earned $1.03 earnings per share. The business's revenue for the quarter was down 21.5% compared to the same quarter last year. On average, equities research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Oppenheimer reduced their price objective 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. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Evercore ISI cut their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Three equities research 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.60.

Insider Activity

In related news, CEO Douglas F. Bauer sold 120,287 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $30.15, for a total value of $3,626,653.05. Following the completion of the transaction, the chief executive officer now directly owns 627,833 shares of the company's stock, valued at $18,929,164.95. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company's stock.

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.