State of Tennessee Department of Treasury Purchases 12,075 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

State of Tennessee Department of Treasury boosted its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 30.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,039 shares of the construction company's stock after purchasing an additional 12,075 shares during the period. State of Tennessee Department of Treasury owned about 0.06% of Tri Pointe Homes worth $1,887,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Covestor Ltd increased its stake in Tri Pointe Homes by 58.5% in the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after buying an additional 335 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Tri Pointe Homes by 84.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock worth $49,000 after purchasing an additional 613 shares in the last quarter. Assetmark Inc. raised its stake in Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after purchasing an additional 300 shares during the period. Sterling Capital Management LLC lifted its holdings in Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after purchasing an additional 1,831 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after purchasing an additional 1,900 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Activity at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $38.00 to $43.00 in a report on Monday, April 28th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Oppenheimer lowered their target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, Evercore ISI reduced their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Three 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.60.

Tri Pointe Homes Trading Up 1.9 %

NYSE:TPH traded up $0.58 during midday trading on Friday, hitting $31.49. 1,175,870 shares of the company traded hands, compared to its average volume of 877,061. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 12-month low of $27.90 and a 12-month high of $47.78. The firm has a market capitalization of $2.86 billion, a P/E ratio of 6.52, a P/E/G ratio of 0.67 and a beta of 1.44. The firm's fifty day moving average is $31.04 and its 200-day moving average is $36.14.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $713.65 million. During the same period in the prior year, the firm posted $1.03 EPS. The firm's revenue was down 21.5% compared to the same quarter last year. On average, sell-side analysts predict that Tri Pointe Homes, Inc. will post 3.58 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.