Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC reduced its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 54.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,691 shares of the construction company's stock after selling 12,789 shares during the quarter. Nebula Research & Development LLC's holdings in Tri Pointe Homes were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Covestor Ltd grew its stake in shares of Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after buying an additional 335 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock worth $49,000 after buying an additional 613 shares in the last quarter. Assetmark Inc. raised its holdings in Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after purchasing an additional 300 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Tri Pointe Homes by 729.5% during the 4th 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 during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of 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 purchasing an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Activity at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Tri Pointe Homes Stock Down 1.6 %

NYSE:TPH traded down $0.51 during mid-day trading on Tuesday, hitting $30.94. The stock had a trading volume of 306,650 shares, compared to its average volume of 876,573. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The stock has a 50-day simple moving average of $31.03 and a two-hundred day simple moving average of $35.89. The company has a market capitalization of $2.81 billion, a PE ratio of 6.40, a PEG ratio of 0.67 and a beta of 1.44. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $713.65 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Tri Pointe Homes's revenue for the quarter was down 21.5% on a year-over-year basis. On average, equities research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Analysts Set New Price Targets

TPH has been the subject of a number of research reports. Evercore ISI decreased their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $41.00 to $37.00 in a research 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 report on Thursday, March 6th. Oppenheimer lowered their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their price target for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes presently has an average rating of "Moderate Buy" and an average target price of $41.60.

Tri Pointe Homes 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.