SG Americas Securities LLC Has $194,000 Position in Tri Pointe Homes, Inc. (NYSE:TPH)

SG Americas Securities LLC cut its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 95.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,478 shares of the construction company's stock after selling 109,534 shares during the period. SG Americas Securities LLC's holdings in Tri Pointe Homes were worth $194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TPH. Raymond James & Associates raised its holdings in Tri Pointe Homes by 2.1% during the first quarter. Raymond James & Associates now owns 176,362 shares of the construction company's stock worth $3,541,000 after purchasing an additional 3,591 shares in the last quarter. Natixis Advisors L.P. raised its holdings in Tri Pointe Homes by 53.8% during the first quarter. Natixis Advisors L.P. now owns 25,492 shares of the construction company's stock worth $512,000 after purchasing an additional 8,922 shares in the last quarter. Bank of Montreal Can raised its holdings in Tri Pointe Homes by 25.8% during the first quarter. Bank of Montreal Can now owns 10,793 shares of the construction company's stock worth $224,000 after purchasing an additional 2,213 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Tri Pointe Homes by 39.4% during the first quarter. MetLife Investment Management LLC now owns 128,677 shares of the construction company's stock worth $2,584,000 after purchasing an additional 36,396 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Tri Pointe Homes by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,731 shares of the construction company's stock worth $818,000 after purchasing an additional 3,884 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on TPH. Wedbush reaffirmed a "neutral" rating and issued a $32.00 price target on shares of Tri Pointe Homes in a report on Tuesday, February 20th. Oppenheimer reaffirmed an "outperform" rating and issued a $41.00 price target (up previously from $36.00) on shares of Tri Pointe Homes in a report on Wednesday, February 21st. Finally, Royal Bank of Canada upgraded shares of Tri Pointe Homes from a "sector perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research report on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $38.20.

Insider Activity

In other news, COO Thomas J. Mitchell sold 51,533 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Tri Pointe Homes Trading Down 0.4 %

NYSE TPH traded down $0.13 on Friday, hitting $36.33. 733,017 shares of the stock were exchanged, compared to its average volume of 1,508,830. The company's 50-day moving average price is $35.65 and its two-hundred day moving average price is $32.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.11 and a quick ratio of 2.11. Tri Pointe Homes, Inc. has a 52-week low of $24.18 and a 52-week high of $39.08. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 0.76 and a beta of 1.54.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.12 by $0.24. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the previous year, the company posted $1.98 EPS. Tri Pointe Homes's revenue was down 17.5% on a year-over-year basis. Research analysts predict that Tri Pointe Homes, Inc. will post 3.65 EPS for the current year.

Tri Pointe Homes Company 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.