Charles Schwab Investment Management Inc. Raises Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Charles Schwab Investment Management Inc. grew its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,165,651 shares of the construction company's stock after acquiring an additional 115,099 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.25% of Tri Pointe Homes worth $52,816,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Gradient Investments LLC acquired a new position in Tri Pointe Homes in the second quarter valued at about $30,000. Reston Wealth Management LLC acquired a new position in shares of Tri Pointe Homes in the 3rd quarter valued at approximately $45,000. GAMMA Investing LLC lifted its holdings in shares of Tri Pointe Homes by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock worth $57,000 after acquiring an additional 588 shares during the period. Blue Trust Inc. boosted its position in shares of Tri Pointe Homes by 31.7% during 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 in the last quarter. Finally, CWM LLC boosted its holdings in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company's stock valued at $83,000 after purchasing an additional 920 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock traded down $0.09 on Friday, hitting $43.53. 332,088 shares of the company traded hands, compared to its average volume of 642,174. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm's 50-day simple moving average is $43.14 and its 200 day simple moving average is $41.69. Tri Pointe Homes, Inc. has a 12-month low of $28.74 and a 12-month high of $47.78. The company has a market cap of $4.07 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.71 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter last year, the business earned $0.76 earnings per share. The business's revenue was up 34.9% on a year-over-year basis. Analysts expect that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Activity

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the general counsel now owns 85,792 shares of the company's stock, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on TPH shares. Royal Bank of Canada dropped their target price 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. Oppenheimer cut their target price on 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. Zelman & Associates raised shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price target for the company in a research note on Tuesday, September 17th. Finally, Wedbush reissued a "neutral" rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tri Pointe Homes has an average rating of "Moderate Buy" and an average price target of $45.75.

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.