Wellington Management Group LLP Sells 50,963 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Wellington Management Group LLP cut its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 629,344 shares of the construction company's stock after selling 50,963 shares during the period. Wellington Management Group LLP owned 0.69% of Tri Pointe Homes worth $22,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Tri Pointe Homes by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock valued at $419,666,000 after purchasing an additional 143,365 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Tri Pointe Homes by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock valued at $91,748,000 after purchasing an additional 44,160 shares in the last quarter. GW&K Investment Management LLC boosted its position in 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 period. American Century Companies Inc. raised its holdings 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 valued at $70,579,000 after buying an additional 238,807 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Tri Pointe Homes by 3.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,736,288 shares of the construction company's stock valued at $62,958,000 after acquiring an additional 49,916 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on TPH. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Wedbush upgraded shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Oppenheimer lowered their target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, Evercore ISI reduced 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 note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.60.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH traded up $0.49 during midday trading on Wednesday, hitting $30.33. The company's stock had a trading volume of 191,694 shares, compared to its average volume of 906,267. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.67 and a beta of 1.34. The stock's 50 day simple moving average is $30.55 and its 200 day simple moving average is $34.33. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. 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 released its earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.45 by $0.25. The firm had revenue of $720.79 million during the quarter, compared to analysts' expectations of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The business's quarterly revenue was down 21.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. As a group, research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the company'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 owns 627,833 shares of the company's stock, valued at $18,929,164.95. This represents a 16.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by corporate 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.