Nebula Research & Development LLC Sells 12,789 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Nebula Research & Development LLC reduced its position 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 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 SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Tri Pointe Homes by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock worth $419,666,000 after acquiring an additional 143,365 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Tri Pointe Homes in the 4th quarter worth about $118,407,000. Geode Capital Management LLC raised its holdings in Tri Pointe Homes by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock worth $91,748,000 after buying an additional 44,160 shares during the period. GW&K Investment Management LLC lifted its stake in Tri Pointe Homes by 5.3% during the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after buying an additional 102,187 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Tri Pointe Homes by 14.0% in the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock worth $70,579,000 after buying an additional 238,807 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tri Pointe Homes 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 completion of the sale, the chief executive officer now owns 627,833 shares of the company's stock, valued at $18,929,164.95. The trade was a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.70% of the company's stock.

Tri Pointe Homes Stock Up 1.9 %

TPH traded up $0.58 during trading on Friday, reaching $31.49. 1,175,870 shares of the stock traded hands, compared to its average volume of 877,186. The stock's 50-day simple moving average is $31.04 and its two-hundred day simple moving average is $36.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings results 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 return on equity of 14.34% and a net margin of 10.36%. The business had revenue of $720.79 million during the quarter, compared to analyst estimates of $713.65 million. During the same period in the previous year, the company earned $1.03 EPS. The firm's revenue was down 21.5% on a year-over-year basis. As a group, equities research analysts expect that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Analyst Upgrades and Downgrades

TPH has been the subject of a number of recent analyst reports. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $38.00 to $43.00 in a research note on Monday, April 28th. Evercore ISI decreased their target price on 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 lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Oppenheimer decreased their price objective on 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. Finally, Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.