Hsbc Holdings PLC Decreases Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Hsbc Holdings PLC decreased its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,057 shares of the construction company's stock after selling 15,979 shares during the quarter. Hsbc Holdings PLC's holdings in Tri Pointe Homes were worth $947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Covestor Ltd grew its holdings in Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after purchasing an additional 335 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Tri Pointe Homes by 84.4% during the 4th 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. grew its stake in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after buying an additional 300 shares during the period. Sterling Capital Management LLC increased its position 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 valued at $75,000 after buying an additional 1,831 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Tri Pointe Homes by 562.1% during the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after buying an additional 1,900 shares during the period. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

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

Tri Pointe Homes Stock Up 1.4 %

NYSE TPH traded up $0.43 on Wednesday, reaching $31.08. The company had a trading volume of 1,547,606 shares, compared to its average volume of 885,531. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The company's fifty day moving average is $31.02 and its 200 day moving average is $35.85. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The stock has a market capitalization of $2.82 billion, a P/E ratio of 6.43, a P/E/G ratio of 0.67 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $713.65 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm's revenue for the quarter was down 21.5% on a year-over-year basis. Sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was 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. This trade represents a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

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.