State of Tennessee Department of Treasury Has $1.89 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

State of Tennessee Department of Treasury raised its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 0.06% of Tri Pointe Homes worth $1,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. bought a new position in Tri Pointe Homes in the 4th quarter worth approximately $118,407,000. Norges Bank acquired a new stake in Tri Pointe Homes in the 4th quarter worth $14,815,000. Raymond James Financial Inc. bought a new position in shares of Tri Pointe Homes during the 4th quarter worth about $13,342,000. Boston Partners acquired a new position in shares of Tri Pointe Homes during the fourth quarter valued at about $8,888,000. Finally, American Century Companies Inc. lifted its stake in shares of Tri Pointe Homes by 14.0% in the fourth 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. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Evercore ISI reduced their price objective on 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. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $38.00 to $43.00 in a report on Monday, April 28th. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Oppenheimer decreased their target price on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH traded up $0.24 on Monday, hitting $31.74. The stock had a trading volume of 171,155 shares, compared to its average volume of 874,530. The firm's 50 day moving average price is $31.04 and its 200-day moving average price is $36.00. 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, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $720.79 million for the quarter, compared to analyst estimates of $713.65 million. During the same period in the previous year, the business earned $1.03 earnings per share. The company's revenue for the quarter was down 21.5% compared to the same quarter last year. On average, equities research analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Insider Activity at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 627,833 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. 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.