Natixis Sells 13,436 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Natixis lowered its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 90.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,428 shares of the construction company's stock after selling 13,436 shares during the period. Natixis' holdings in Tri Pointe Homes were worth $52,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TPH. Commerce Bank raised its holdings in Tri Pointe Homes by 14.4% in the fourth quarter. Commerce Bank now owns 12,430 shares of the construction company's stock worth $451,000 after purchasing an additional 1,560 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Tri Pointe Homes by 955.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 51,700 shares of the construction company's stock valued at $1,875,000 after acquiring an additional 46,800 shares during the period. Bridgewater Associates LP boosted its stake in Tri Pointe Homes by 2.5% during the fourth quarter. Bridgewater Associates LP now owns 179,012 shares of the construction company's stock worth $6,491,000 after acquiring an additional 4,293 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Tri Pointe Homes by 5.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,645 shares of the construction company's stock worth $350,000 after purchasing an additional 488 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of Tri Pointe Homes by 729.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after purchasing an additional 1,831 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Stock Performance

NYSE:TPH traded up $0.15 on Thursday, hitting $30.90. The stock had a trading volume of 209,050 shares, compared to its average volume of 871,450. The business's 50-day simple moving average is $31.07 and its two-hundred day simple moving average is $36.33. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings data 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. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The company had revenue of $720.79 million for the quarter, compared to the consensus estimate of $713.65 million. During the same quarter last year, the firm posted $1.03 earnings per share. The firm's revenue was down 21.5% compared to the same quarter last year. As a group, research analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Insider Activity

In related news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes 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 transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

TPH has been the topic of several recent research reports. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $38.00 to $43.00 in a research note on Monday. Evercore ISI reduced their price target 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. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. 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 note on Wednesday, February 19th. Finally, Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their price target 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

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.