Tri Pointe Homes, Inc. (NYSE:TPH) Shares Purchased by Voloridge Investment Management LLC

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

Several other institutional investors have also recently made changes to their positions in TPH. Squarepoint Ops LLC purchased a new position in Tri Pointe Homes during the 4th quarter valued at about $1,130,000. Two Sigma Advisers LP boosted its stake in shares of Tri Pointe Homes by 11.2% during the fourth quarter. Two Sigma Advisers LP now owns 629,400 shares of the construction company's stock valued at $22,822,000 after purchasing an additional 63,300 shares in the last quarter. Sherbrooke Park Advisers LLC increased its holdings in Tri Pointe Homes by 109.4% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 11,461 shares of the construction company's stock valued at $416,000 after buying an additional 5,989 shares during the period. Rafferty Asset Management LLC raised its stake in Tri Pointe Homes by 51.6% in the fourth quarter. Rafferty Asset Management LLC now owns 63,283 shares of the construction company's stock worth $2,295,000 after buying an additional 21,537 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Tri Pointe Homes during the fourth quarter worth $1,277,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Stock Up 2.1%

TPH stock traded up $0.64 during midday trading on Tuesday, hitting $30.49. The company's stock had a trading volume of 339,869 shares, compared to its average volume of 900,605. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The firm has a 50-day simple moving average of $30.85 and a 200-day simple moving average of $34.80. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.76 billion, a P/E ratio of 6.31, a PEG ratio of 0.67 and a beta of 1.34.

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

Analyst Ratings Changes

TPH has been the subject of a number of recent research reports. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Oppenheimer decreased their price objective on shares of 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. Evercore ISI cut their price target 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. Finally, Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.60.

Insider Activity at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the company'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 completion of the sale, the chief executive officer now directly owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by insiders.

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.