Tudor Investment Corp ET AL Has $4.31 Million Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Tudor Investment Corp ET AL trimmed its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 51.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,720 shares of the construction company's stock after selling 125,638 shares during the period. Tudor Investment Corp ET AL owned approximately 0.13% of Tri Pointe Homes worth $4,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oxford Asset Management LLP acquired a new position in shares of Tri Pointe Homes in the 4th quarter valued at $379,000. Hancock Whitney Corp grew its stake in shares of Tri Pointe Homes by 8.3% in the 4th quarter. Hancock Whitney Corp now owns 5,779 shares of the construction company's stock valued at $210,000 after buying an additional 442 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Tri Pointe Homes by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 88,800 shares of the construction company's stock valued at $3,220,000 after purchasing an additional 9,351 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in Tri Pointe Homes by 30.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 52,039 shares of the construction company's stock valued at $1,887,000 after buying an additional 12,075 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Tri Pointe Homes by 67.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,578 shares of the construction company's stock worth $130,000 after purchasing an additional 1,445 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on TPH. Evercore ISI cut 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. Oppenheimer lowered their price objective on 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. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Royal Bank of Canada cut shares of 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 report on Wednesday, February 19th. Finally, Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes has an average rating of "Moderate Buy" and an average target price of $41.60.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the firm's 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

Tri Pointe Homes Stock Performance

NYSE:TPH traded up $0.58 during mid-day trading on Friday, hitting $31.49. The stock had a trading volume of 1,175,870 shares, compared to its average volume of 877,186. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.67 and a beta of 1.44. The company's 50 day simple moving average is $31.04 and its 200 day simple moving average is $36.07. 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 (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.25. The business had revenue of $720.79 million during the quarter, compared to analysts' expectations of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The business's revenue was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. On average, equities research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

About Tri Pointe Homes

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.