Dimensional Fund Advisors LP Has $288.85 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Dimensional Fund Advisors LP lessened its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,159,453 shares of the construction company's stock after selling 157,224 shares during the quarter. Dimensional Fund Advisors LP owned 8.41% of Tri Pointe Homes worth $288,847,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TPH. QRG Capital Management Inc. lifted its position in shares of Tri Pointe Homes by 16.4% during the 4th quarter. QRG Capital Management Inc. now owns 38,199 shares of the construction company's stock worth $1,352,000 after buying an additional 5,382 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its position in Tri Pointe Homes by 27.2% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 5,997 shares of the construction company's stock valued at $212,000 after acquiring an additional 1,282 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Tri Pointe Homes by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,013,767 shares of the construction company's stock valued at $35,887,000 after acquiring an additional 27,260 shares in the last quarter. Summit Global Investments grew its holdings in shares of Tri Pointe Homes by 24.7% during the fourth quarter. Summit Global Investments now owns 41,976 shares of the construction company's stock worth $1,486,000 after purchasing an additional 8,313 shares during the last quarter. Finally, Natixis Advisors L.P. increased its position in shares of Tri Pointe Homes by 11.1% during the fourth quarter. Natixis Advisors L.P. now owns 26,763 shares of the construction company's stock worth $947,000 after purchasing an additional 2,683 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Performance

Shares of TPH stock traded down $0.18 during midday trading on Monday, hitting $39.59. The company had a trading volume of 508,451 shares, compared to its average volume of 1,027,368. The company's 50 day simple moving average is $36.52 and its 200 day simple moving average is $33.95. Tri Pointe Homes, Inc. has a 52-week low of $24.18 and a 52-week high of $40.13. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.68 and a beta of 1.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.99.

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

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TPH shares. Royal Bank of Canada raised their price target on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Oppenheimer raised their price target on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. StockNews.com upgraded Tri Pointe Homes from a "hold" rating to a "buy" rating in a research note on Friday, April 26th. Finally, Wedbush restated a "neutral" rating and set a $35.00 price target on shares of Tri Pointe Homes in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Tri Pointe Homes has a consensus rating of "Moderate Buy" and an average price target of $40.60.

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.