Voloridge Investment Management LLC Raises Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Voloridge Investment Management LLC increased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 44.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,976 shares of the construction company's stock after purchasing an additional 153,758 shares during the quarter. Voloridge Investment Management LLC owned 0.53% of Tri Pointe Homes worth $17,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Tri Pointe Homes by 1.3% during the 4th 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. acquired a new stake in shares of Tri Pointe Homes during the 4th quarter worth about $118,407,000. Geode Capital Management LLC increased its position in shares of Tri Pointe Homes by 1.8% during the 4th 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 increased its position in shares of Tri Pointe Homes by 5.3% during the 4th 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. increased its position in shares of Tri Pointe Homes by 14.0% during the 4th 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. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on TPH shares. Evercore ISI dropped their target price on 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. 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 target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $38.00 to $43.00 in a research report on Monday, April 28th. Finally, Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.60.

Insider Buying and Selling

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business'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 transaction of $3,626,653.05. Following the completion of the sale, the chief executive officer now owns 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

Tri Pointe Homes Stock Down 3.0%

Shares of Tri Pointe Homes stock traded down $0.90 on Wednesday, reaching $29.66. 178,719 shares of the company were exchanged, compared to its average volume of 899,571. Tri Pointe Homes, Inc. has a 1-year low of $27.90 and a 1-year high of $47.78. The company has a market cap of $2.69 billion, a P/E ratio of 6.15, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The stock's 50 day moving average price is $30.82 and its 200-day moving average price is $34.77.

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, topping analysts' consensus estimates 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 the consensus estimate of $713.65 million. During the same period in the previous year, the company posted $1.03 earnings per share. The business's revenue for the quarter was down 21.5% on a year-over-year basis. As a group, equities analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes Company 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.