Dimensional Fund Advisors LP Sells 290,951 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Dimensional Fund Advisors LP decreased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,986,546 shares of the construction company's stock after selling 290,951 shares during the quarter. Dimensional Fund Advisors LP owned 7.47% of Tri Pointe Homes worth $253,333,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TPH. Covestor Ltd raised its stake in Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after acquiring an additional 335 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in 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 acquiring an additional 613 shares in the last quarter. Assetmark Inc. raised its stake in 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 acquiring an additional 300 shares in the last quarter. Sterling Capital Management LLC raised its stake in Tri Pointe Homes by 729.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after acquiring an additional 1,831 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Tri Pointe Homes by 562.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

TPH has been the subject of several recent research reports. Oppenheimer lowered their price objective on 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 downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush reaffirmed a "neutral" rating and issued a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Finally, Evercore ISI lowered their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.60.

Tri Pointe Homes Trading Down 1.7 %

NYSE:TPH traded down $0.53 on Friday, reaching $30.33. 1,312,137 shares of the stock traded hands, compared to its average volume of 870,491. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The company's 50 day moving average is $31.11 and its 200-day moving average is $36.51. 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 1-year low of $27.90 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.25. The business had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. Equities research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal 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.