Barclays PLC Raises Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Barclays PLC boosted its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 103.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 209,239 shares of the construction company's stock after acquiring an additional 106,543 shares during the quarter. Barclays PLC owned 0.22% of Tri Pointe Homes worth $9,480,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in Tri Pointe Homes during the 3rd quarter valued at approximately $45,000. Blue Trust Inc. increased its stake 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 worth $69,000 after acquiring an additional 427 shares during the last quarter. Quarry LP raised its position in shares of Tri Pointe Homes by 123.3% during the 2nd quarter. Quarry LP now owns 2,401 shares of the construction company's stock valued at $89,000 after buying an additional 1,326 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Tri Pointe Homes by 75.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company's stock valued at $121,000 after acquiring an additional 1,149 shares during the last quarter. Finally, CWM LLC raised its position in Tri Pointe Homes by 39.3% during the third quarter. CWM LLC now owns 3,092 shares of the construction company's stock valued at $140,000 after purchasing an additional 872 shares during the period. Institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

TPH has been the subject of a number of analyst reports. Royal Bank of Canada lowered their price target on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Wedbush reiterated a "neutral" rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, October 24th. Zelman & Associates upgraded Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective for the company in a report on Tuesday, September 17th. Oppenheimer reduced their target price on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com cut shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.75.

Tri Pointe Homes Stock Down 3.6 %

Shares of Tri Pointe Homes stock traded down $1.37 during trading on Wednesday, hitting $36.81. 1,014,697 shares of the stock traded hands, compared to its average volume of 877,989. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 52-week low of $33.24 and a 52-week high of $47.78. The stock's fifty day simple moving average is $42.29 and its 200 day simple moving average is $41.90. The firm has a market cap of $3.45 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60.

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

Insider Buying and Selling at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 77,384 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the sale, the chief operating officer now owns 708,159 shares in the company, valued at approximately $27,724,424.85. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.

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.