GW&K Investment Management LLC Purchases Shares of 688,948 Tri Pointe Homes, Inc. (NYSE:TPH)

GW&K Investment Management 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 and Exchange Commission (SEC). The firm acquired 688,948 shares of the construction company's stock, valued at approximately $24,389,000. GW&K Investment Management LLC owned approximately 0.71% of Tri Pointe Homes at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TPH. Allspring Global Investments Holdings LLC grew its position in shares of Tri Pointe Homes by 30.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the construction company's stock valued at $184,000 after purchasing an additional 1,569 shares during the last quarter. Teacher Retirement System of Texas grew its position in Tri Pointe Homes by 36.1% during the third quarter. Teacher Retirement System of Texas now owns 97,475 shares of the construction company's stock worth $2,666,000 after buying an additional 25,851 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Tri Pointe Homes during the third quarter worth about $241,000. Victory Capital Management Inc. grew its position in Tri Pointe Homes by 3.1% during the third quarter. Victory Capital Management Inc. now owns 276,775 shares of the construction company's stock worth $7,570,000 after buying an additional 8,250 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Tri Pointe Homes by 26.9% during the third 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 in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH traded down $0.73 during trading on Wednesday, reaching $38.23. The stock had a trading volume of 688,680 shares, compared to its average volume of 1,002,613. Tri Pointe Homes, Inc. has a 52 week low of $24.18 and a 52 week high of $40.98. The business's 50-day moving average price is $37.25 and its 200 day moving average price is $34.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $3.63 billion, a PE ratio of 10.39, a P/E/G ratio of 0.68 and a beta of 1.54.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.34. The business had revenue of $918.40 million during the quarter, compared to analyst estimates 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 for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. As a group, equities analysts predict that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 56,567 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The shares were 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 owns 677,816 shares of the company's stock, valued at $26,963,520.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Douglas F. Bauer sold 56,567 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The shares were 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 owns 677,816 shares of the company's stock, valued at $26,963,520.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Thomas J. Mitchell sold 51,533 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 785,543 shares of the company's stock, valued at approximately $27,666,824.46. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on TPH. StockNews.com upgraded shares of Tri Pointe Homes from a "hold" rating to a "buy" rating in a research note on Friday, April 26th. Oppenheimer raised 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. Royal Bank of Canada raised their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an "outperform" 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 investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.60.

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.