Russell Investments Group Ltd. lowered its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 29.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 275,895 shares of the construction company's stock after selling 112,485 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.28% of Tri Pointe Homes worth $9,767,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of Tri Pointe Homes by 15.1% during the 3rd quarter. Invesco Ltd. now owns 1,042,993 shares of the construction company's stock worth $28,526,000 after buying an additional 137,175 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Tri Pointe Homes by 73.3% during the 3rd quarter. TD Asset Management Inc now owns 80,400 shares of the construction company's stock worth $2,199,000 after buying an additional 34,000 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Tri Pointe Homes by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the construction company's stock worth $184,000 after buying an additional 1,569 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Tri Pointe Homes by 26.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 727,045 shares of the construction company's stock worth $19,885,000 after buying an additional 153,994 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Tri Pointe Homes during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 97.01% of the company's stock.
Tri Pointe Homes Stock Performance
TPH traded up $0.06 during trading on Tuesday, hitting $39.61. The stock had a trading volume of 920,299 shares, compared to its average volume of 1,050,025. 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 firm has a market capitalization of $3.76 billion, a P/E ratio of 10.56, a PEG ratio of 0.67 and a beta of 1.54. The company's 50-day moving average price is $36.24 and its 200 day moving average price is $33.63. Tri Pointe Homes, Inc. has a twelve month low of $24.18 and a twelve month high of $40.13.
Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.34. The company 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%. Tri Pointe Homes's revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. On average, equities research analysts forecast that Tri Pointe Homes, Inc. will post 4.49 EPS for the current fiscal year.
Insider Buying and Selling at Tri Pointe Homes
In other news, COO Thomas J. Mitchell sold 51,533 shares of the company'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 of the company's stock, valued at approximately $27,666,824.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Oppenheimer upped their price target on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. StockNews.com upgraded shares of Tri Pointe Homes from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. Finally, Wedbush reiterated a "neutral" rating and issued a $35.00 price target on shares of Tri Pointe Homes in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.60.
Check Out Our Latest Stock Report on Tri Pointe Homes
Tri Pointe Homes Company Profile
(
Free Report)
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.
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