12,755 Shares in Tri Pointe Homes, Inc. (NYSE:TPH) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,755 shares of the construction company's stock, valued at approximately $578,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new position in shares of Tri Pointe Homes during the 2nd quarter worth $30,000. Reston Wealth Management LLC purchased a new position in Tri Pointe Homes during the third quarter worth about $45,000. GAMMA Investing LLC boosted its stake in Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock worth $57,000 after buying an additional 588 shares during the last quarter. Blue Trust Inc. grew its holdings in Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock valued at $69,000 after buying an additional 427 shares during the period. Finally, CWM LLC increased its stake in shares of Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company's stock valued at $83,000 after acquiring an additional 920 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Tri Pointe Homes Stock Down 0.1 %

Shares of NYSE:TPH traded down $0.03 during midday trading on Friday, hitting $41.49. 620,058 shares of the company's stock traded hands, compared to its average volume of 594,456. The firm's fifty day moving average price is $42.92 and its two-hundred day moving average price is $41.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a twelve month low of $30.27 and a twelve month high of $47.78. The company has a market cap of $3.88 billion, a PE ratio of 8.61, a P/E/G ratio of 0.69 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The firm's quarterly revenue was up 34.9% on a year-over-year basis. On average, equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now directly owns 85,792 shares of the company's stock, valued at $3,798,869.76. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wedbush reissued a "neutral" rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Royal Bank of Canada lowered their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Zelman & Associates raised Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price on the stock in a research report on Tuesday, September 17th. Finally, Oppenheimer lowered their price target on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two 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 company's stock. Based on data from MarketBeat.com, Tri Pointe Homes has a consensus rating of "Moderate Buy" and an average target price of $45.75.

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.