Quest Partners LLC Purchases New Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Quest Partners LLC acquired a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 28,163 shares of the construction company's stock, valued at approximately $997,000.

A number of other institutional investors also recently bought and sold shares of TPH. Diversified Trust Co boosted its stake in shares of Tri Pointe Homes by 2.7% during the 4th quarter. Diversified Trust Co now owns 12,506 shares of the construction company's stock worth $443,000 after acquiring an additional 330 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Tri Pointe Homes by 21.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,748 shares of the construction company's stock valued at $97,000 after purchasing an additional 487 shares in the last quarter. Oliver Luxxe Assets LLC boosted its position in shares of Tri Pointe Homes by 1.5% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,257 shares of the construction company's stock valued at $937,000 after acquiring an additional 505 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Tri Pointe Homes by 105.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company's stock worth $48,000 after purchasing an additional 700 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Tri Pointe Homes by 73.8% in the 4th quarter. Blue Trust Inc. now owns 1,766 shares of the construction company's stock valued at $63,000 after buying an additional 750 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas F. Bauer sold 56,567 shares of the company's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the completion of the sale, the chief executive officer now directly owns 677,816 shares of the company's stock, valued at approximately $26,963,520.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Douglas F. Bauer sold 56,567 shares of the business's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.78, for a total value of $2,250,235.26. Following the completion of the sale, the chief executive officer now directly owns 677,816 shares of the company's stock, valued at $26,963,520.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the sale, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH traded down $0.78 during trading on Tuesday, reaching $38.96. The company had a trading volume of 610,068 shares, compared to its average volume of 1,005,811. The stock's fifty day moving average price is $37.16 and its 200 day moving average price is $34.56. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 0.69 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, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $40.98.

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 for the quarter, topping the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The business had revenue of $918.40 million for the quarter, compared to analyst estimates of $867.77 million. During the same period in the prior year, the firm posted $0.73 EPS. The company's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts predict that Tri Pointe Homes, Inc. will post 4.49 EPS for the current 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.