Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 131.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,959 shares of the construction company's stock after purchasing an additional 101,180 shares during the period. D. E. Shaw & Co. Inc. owned 0.19% of Tri Pointe Homes worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC purchased a new position in Tri Pointe Homes in the fourth quarter valued at $5,553,000. Principal Financial Group Inc. increased its holdings in shares of Tri Pointe Homes by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company's stock valued at $17,626,000 after acquiring an additional 16,380 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Tri Pointe Homes by 24.9% in the 4th quarter. Wells Fargo & Company MN now owns 53,413 shares of the construction company's stock valued at $1,937,000 after acquiring an additional 10,650 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Tri Pointe Homes by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company's stock worth $41,284,000 after acquiring an additional 27,691 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Tri Pointe Homes by 5.3% during the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock worth $73,850,000 after purchasing an additional 102,187 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock traded down $0.15 during trading on Wednesday, reaching $31.16. The company's stock had a trading volume of 120,523 shares, compared to its average volume of 897,396. The company has a 50-day moving average price of $30.97 and a two-hundred day moving average price of $35.18. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78. The firm has a market cap of $2.82 billion, a PE ratio of 6.45, a P/E/G ratio of 0.67 and a beta of 1.34. 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 (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.25. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $720.79 million for the quarter, compared to analyst estimates of $713.65 million. During the same quarter last year, the company posted $1.03 earnings per share. The business's revenue was down 21.5% on a year-over-year basis. On average, analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the firm's stock in a transaction on Monday, April 28th. The shares were 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 owns 627,833 shares in the company, valued at approximately $18,929,164.95. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

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.