Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Burr Financial Services LLC

Burr Financial Services LLC trimmed its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 42.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,600 shares of the construction company's stock after selling 8,570 shares during the period. Tri Pointe Homes makes up about 0.3% of Burr Financial Services LLC's holdings, making the stock its 24th biggest position. Burr Financial Services LLC's holdings in Tri Pointe Homes were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TPH. Envestnet Asset Management Inc. boosted its position in shares of Tri Pointe Homes by 95.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 123,365 shares of the construction company's stock worth $4,595,000 after purchasing an additional 60,093 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Tri Pointe Homes by 4.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 38,393 shares of the construction company's stock worth $1,430,000 after buying an additional 1,570 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Tri Pointe Homes by 240.6% in the 2nd quarter. Hsbc Holdings PLC now owns 77,856 shares of the construction company's stock worth $2,886,000 after buying an additional 54,999 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Tri Pointe Homes by 291.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,340 shares of the construction company's stock worth $162,000 after buying an additional 3,231 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Tri Pointe Homes by 8.0% in the 2nd quarter. Sei Investments Co. now owns 154,888 shares of the construction company's stock worth $5,770,000 after buying an additional 11,522 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the sale, the chief operating officer now directly owns 708,159 shares in the company, valued at approximately $27,724,424.85. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company's stock.

Tri Pointe Homes Stock Up 0.3 %

NYSE TPH traded up $0.12 on Thursday, reaching $37.65. The company had a trading volume of 285,936 shares, compared to its average volume of 693,798. The firm has a market capitalization of $3.52 billion, a PE ratio of 7.82, a P/E/G ratio of 0.60 and a beta of 1.64. Tri Pointe Homes, Inc. has a 1 year low of $33.24 and a 1 year high of $47.78. The firm has a 50-day moving average of $39.03 and a 200-day moving average of $41.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share 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 firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the prior year, the business earned $0.76 EPS. Tri Pointe Homes's quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Tri Pointe Homes announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 7.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TPH has been the topic of several recent research reports. Royal Bank of Canada decreased 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 report on Friday, October 25th. StockNews.com lowered shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Wedbush reissued a "neutral" rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Oppenheimer cut their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Three 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 a consensus rating of "Moderate Buy" and an average 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.