Tri Pointe Homes, Inc. (NYSE:TPH) Stock Position Decreased by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 25.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 382,406 shares of the construction company's stock after selling 127,473 shares during the period. BNP Paribas Financial Markets owned approximately 0.41% of Tri Pointe Homes worth $17,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gradient Investments LLC bought a new position in shares of Tri Pointe Homes during the second quarter worth about $30,000. Reston Wealth Management LLC bought a new position in shares of Tri Pointe Homes during the third quarter worth about $45,000. GAMMA Investing LLC lifted its position in shares of Tri Pointe Homes by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock worth $57,000 after purchasing an additional 588 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Tri Pointe Homes by 31.7% during the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock worth $69,000 after purchasing an additional 427 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Tri Pointe Homes by 70.8% during the second quarter. CWM LLC now owns 2,220 shares of the construction company's stock worth $83,000 after purchasing an additional 920 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company's stock.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH traded down $0.09 during trading hours on Friday, hitting $43.53. The stock had a trading volume of 332,088 shares, compared to its average volume of 642,174. The stock's fifty day simple moving average is $43.14 and its 200 day simple moving average is $41.69. Tri Pointe Homes, Inc. has a 1-year low of $28.74 and a 1-year high of $47.78. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.71 and a beta of 1.60. 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 (NYSE:TPH - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $0.76 earnings per share. Tri Pointe Homes's revenue was up 34.9% compared to the same quarter last year. Sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Oppenheimer reduced their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada dropped their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Wedbush reiterated a "neutral" rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Zelman & Associates upgraded shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective on the stock in a research note on Tuesday, September 17th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.