LPL Financial LLC Trims Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

LPL Financial LLC lessened its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,866 shares of the construction company's stock after selling 9,123 shares during the quarter. LPL Financial LLC's holdings in Tri Pointe Homes were worth $938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPH. MML Investors Services LLC purchased a new position in shares of Tri Pointe Homes in the 3rd quarter valued at about $246,000. Barclays PLC increased its position in shares of Tri Pointe Homes by 103.7% in the third quarter. Barclays PLC now owns 209,239 shares of the construction company's stock valued at $9,480,000 after buying an additional 106,543 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Tri Pointe Homes during the 3rd quarter worth approximately $343,000. Franklin Resources Inc. lifted its position in shares of Tri Pointe Homes by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 712,673 shares of the construction company's stock valued at $31,971,000 after buying an additional 9,542 shares in the last quarter. Finally, Oliver Luxxe Assets LLC grew its stake in Tri Pointe Homes by 6.7% in the 4th quarter. Oliver Luxxe Assets LLC now owns 41,695 shares of the construction company's stock valued at $1,512,000 after acquiring an additional 2,625 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Shares of TPH stock traded down $0.72 during trading hours on Friday, reaching $30.14. The company had a trading volume of 244,814 shares, compared to its average volume of 869,261. Tri Pointe Homes, Inc. has a 12-month low of $27.90 and a 12-month high of $47.78. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 0.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The stock has a fifty day moving average of $31.15 and a 200-day moving average of $36.70.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.25. The business had revenue of $720.79 million during 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%. On average, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TPH. Oppenheimer reduced 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. Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Evercore ISI reduced their target price on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Wedbush restated a "neutral" rating and issued a $38.00 target price (down previously from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Finally, Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes has an average rating of "Moderate Buy" and a consensus price target of $40.60.

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.