Oxford Asset Management LLP Purchases New Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Oxford Asset Management LLP bought a new position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,452 shares of the construction company's stock, valued at approximately $379,000.

Several other large investors also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in shares of Tri Pointe Homes during the fourth quarter worth about $118,407,000. Norges Bank purchased a new stake in Tri Pointe Homes in the 4th quarter worth about $14,815,000. Raymond James Financial Inc. bought a new stake in shares of Tri Pointe Homes during the 4th quarter worth approximately $13,342,000. Boston Partners purchased a new stake in shares of Tri Pointe Homes during the fourth quarter valued at $8,888,000. Finally, American Century Companies Inc. boosted its position in Tri Pointe Homes by 14.0% in the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock valued at $70,579,000 after buying an additional 238,807 shares during the period. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on TPH. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $38.00 to $43.00 in a report on Monday. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Oppenheimer decreased their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Finally, Evercore ISI decreased their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.60.

Tri Pointe Homes Stock Up 2.2 %

Shares of TPH traded up $0.67 during mid-day trading on Friday, reaching $31.58. The company's stock had a trading volume of 464,067 shares, compared to its average volume of 873,580. The stock has a market cap of $2.86 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. Tri Pointe Homes, Inc. has a 12-month low of $27.90 and a 12-month high of $47.78. The company's 50 day moving average is $31.06 and its 200 day moving average is $36.24.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. The firm had revenue of $720.79 million for the quarter, compared to analysts' expectations of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm's revenue for the quarter was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas F. Bauer sold 120,287 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $30.15, for a total value of $3,626,653.05. Following the completion of the transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at approximately $18,929,164.95. This represents a 16.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

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.