LSV Asset Management Reduces Position in Tri Pointe Homes, Inc. (NYSE:TPH)

LSV Asset Management decreased its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,879,420 shares of the construction company's stock after selling 41,100 shares during the period. LSV Asset Management owned about 1.94% of Tri Pointe Homes worth $66,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TPH. Daiwa Securities Group Inc. bought a new position in Tri Pointe Homes in the 4th quarter worth approximately $35,000. GAMMA Investing LLC bought a new stake in Tri Pointe Homes during the 4th quarter worth approximately $41,000. Nisa Investment Advisors LLC boosted its holdings in Tri Pointe Homes by 105.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company's stock valued at $48,000 after purchasing an additional 700 shares during the period. Blue Trust Inc. raised its position in shares of Tri Pointe Homes by 73.8% in the fourth quarter. Blue Trust Inc. now owns 1,766 shares of the construction company's stock worth $63,000 after buying an additional 750 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new position in Tri Pointe Homes during the fourth quarter worth about $113,000. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 51,533 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following the sale, the chief operating officer now directly owns 785,543 shares of the company's stock, valued at $27,666,824.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com raised Tri Pointe Homes from a "hold" rating to a "buy" rating in a report on Friday, April 26th. Wedbush reaffirmed a "neutral" rating and set a $35.00 price objective on shares of Tri Pointe Homes in a report on Thursday, April 25th. Royal Bank of Canada raised their price target on Tri Pointe Homes from $38.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Finally, Oppenheimer raised their price objective on Tri Pointe Homes from $41.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.60.

Tri Pointe Homes Trading Up 2.3 %

TPH stock traded up $0.87 during trading on Friday, hitting $38.99. 845,903 shares of the company traded hands, compared to its average volume of 977,651. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.99 and a current ratio of 1.99. The company has a 50-day moving average of $36.05 and a 200-day moving average of $33.43. The firm has a market capitalization of $3.70 billion, a PE ratio of 10.40, a P/E/G ratio of 0.67 and a beta of 1.54. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $40.13.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.34. The firm had revenue of $918.40 million for the quarter, compared to analysts' expectations of $867.77 million. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The business's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. Analysts predict that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current fiscal year.

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.