Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,800 shares of the construction company's stock after acquiring an additional 9,351 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.09% of Tri Pointe Homes worth $3,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its stake in shares of Tri Pointe Homes by 8.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock worth $126,000 after purchasing an additional 287 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Tri Pointe Homes by 19.6% during the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after buying an additional 300 shares in the last quarter. Covestor Ltd raised its position in shares of Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after buying an additional 335 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Tri Pointe Homes by 0.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock worth $3,619,000 after buying an additional 340 shares in the last quarter. Finally, Highland Capital Management LLC boosted its position in Tri Pointe Homes by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock worth $212,000 after acquiring an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Trading Down 1.0 %

Shares of NYSE TPH traded down $0.32 during mid-day trading on Friday, reaching $31.45. 880,100 shares of the company's stock were exchanged, compared to its average volume of 887,429. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The company's 50-day moving average is $31.03 and its 200-day moving average is $35.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24.

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

Wall Street Analysts Forecast Growth

TPH has been the topic of a number of research reports. Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wedbush upgraded Tri Pointe Homes from a "neutral" rating to an "outperform" rating and upped their target price for the company from $38.00 to $43.00 in a report on Monday, April 28th. Evercore ISI reduced their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Oppenheimer dropped 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 report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes currently has an average rating of "Moderate Buy" and a consensus target price of $41.60.

Insider Buying and Selling at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes 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 sale, the chief executive officer now directly owns 627,833 shares of the company's stock, valued at approximately $18,929,164.95. The trade was a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

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.