Lazard Asset Management LLC Has $3.18 Million Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Lazard Asset Management LLC increased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 68.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,846 shares of the construction company's stock after acquiring an additional 35,725 shares during the period. Lazard Asset Management LLC owned about 0.09% of Tri Pointe Homes worth $3,184,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Covestor Ltd grew its position in Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after acquiring an additional 335 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Tri Pointe Homes by 84.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after buying an additional 613 shares during the last quarter. Assetmark Inc. boosted its position in Tri Pointe Homes by 19.6% in the 4th 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. Sterling Capital Management LLC boosted its position in Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after buying an additional 1,831 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after buying an additional 1,900 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas F. Bauer sold 120,287 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. This trade represents a 16.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TPH. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $38.00 to $43.00 in a research report on Monday, April 28th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report 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 target for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Oppenheimer cut their price target 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 cut their price target on 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. 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. Based on data from MarketBeat, Tri Pointe Homes presently has an average rating of "Moderate Buy" and a consensus target price of $41.60.

Tri Pointe Homes Trading Down 1.8%

Shares of TPH stock traded down $0.55 during trading hours on Thursday, reaching $29.65. The company had a trading volume of 113,690 shares, compared to its average volume of 898,391. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a 1-year low of $27.90 and a 1-year high of $47.78. 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 company has a 50 day moving average of $30.95 and a 200 day moving average of $35.14.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.45 by $0.25. The business had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm's revenue was down 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, equities research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

About Tri Pointe Homes

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.