Wells Fargo & Company MN Acquires 10,650 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Wells Fargo & Company MN lifted its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 24.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,413 shares of the construction company's stock after acquiring an additional 10,650 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of Tri Pointe Homes worth $1,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TPH. Smartleaf Asset Management LLC lifted its holdings in Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after acquiring an additional 613 shares during the period. Assetmark Inc. lifted its stake in shares of Tri Pointe Homes by 19.6% during 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 in the last quarter. Venturi Wealth Management LLC increased its stake in Tri Pointe Homes by 562.1% in 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in Tri Pointe Homes by 51.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock worth $84,000 after acquiring an additional 789 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Tri Pointe Homes in the 4th quarter worth about $118,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes 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 sale, the chief executive officer now directly owns 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock traded up $0.36 during trading hours on Thursday, reaching $31.11. The stock had a trading volume of 131,477 shares, compared to its average volume of 871,042. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.85 billion, a PE ratio of 6.45, a PEG ratio of 0.67 and a beta of 1.44. The stock's 50 day moving average is $31.07 and its 200 day moving average is $36.33.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.45 by $0.25. The firm had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm's revenue was down 21.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. Equities analysts expect that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TPH shares. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Wedbush upgraded shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $38.00 to $43.00 in a research report on Monday. Evercore ISI lowered their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Oppenheimer reduced 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. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

Tri Pointe Homes Company 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.