Tudor Investment Corp ET AL Sells 125,638 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Tudor Investment Corp ET AL lowered its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 51.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,720 shares of the construction company's stock after selling 125,638 shares during the period. Tudor Investment Corp ET AL owned about 0.13% of Tri Pointe Homes worth $4,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TPH. Covestor Ltd increased its stake in shares of Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock valued at $33,000 after buying an additional 335 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 613 shares during the period. Assetmark Inc. grew its stake in shares of Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Tri Pointe Homes by 729.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock valued at $75,000 after purchasing an additional 1,831 shares during the period. Finally, Venturi Wealth Management LLC raised its position 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 purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

TPH has been the subject of several recent research reports. Wedbush raised 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 decreased their target price 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. Oppenheimer reduced 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. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Finally, Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.60.

Tri Pointe Homes Stock Up 2.3 %

Shares of TPH traded up $0.72 during trading hours on Wednesday, hitting $31.37. The stock had a trading volume of 208,077 shares, compared to its average volume of 880,365. Tri Pointe Homes, Inc. has a 1-year low of $27.90 and a 1-year high of $47.78. The firm has a market capitalization of $2.84 billion, a P/E ratio of 6.50, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The firm has a 50 day simple moving average of $31.02 and a 200-day simple moving average of $35.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (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 business had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. During the same quarter last year, the firm posted $1.03 EPS. Tri Pointe Homes's revenue was down 21.5% compared to the same quarter last year. Sell-side analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 value 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 $18,929,164.95. This represents a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by company 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.