Citigroup Inc. Has $8.58 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Citigroup Inc. grew its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 16.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,378 shares of the construction company's stock after acquiring an additional 26,253 shares during the quarter. Citigroup Inc. owned 0.20% of Tri Pointe Homes worth $8,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gradient Investments LLC bought a new stake in Tri Pointe Homes in the 2nd quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in Tri Pointe Homes during the 3rd quarter worth about $45,000. GAMMA Investing LLC grew its stake 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 valued at $57,000 after purchasing an additional 588 shares during the last quarter. Blue Trust Inc. boosted its position 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 last quarter. Finally, CWM LLC lifted its stake 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 valued at $83,000 after acquiring an additional 920 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Transactions at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm's stock in a transaction dated 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TPH. Wedbush reiterated a "neutral" rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Zelman & Associates raised Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price target on the stock in a research report on Tuesday, September 17th. Royal Bank of Canada cut their target price on 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. Finally, Oppenheimer decreased their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a report on Friday, October 25th. 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $45.75.

Tri Pointe Homes Stock Performance

TPH stock traded down $0.09 during midday trading on Friday, reaching $43.53. 332,088 shares of the company were exchanged, compared to its average volume of 884,863. The business has a 50-day moving average price of $43.14 and a two-hundred day moving average price of $41.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60. Tri Pointe Homes, Inc. has a one year low of $28.74 and a one year high of $47.78.

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, 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 firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the firm earned $0.76 EPS. The business's revenue was up 34.9% on a year-over-year basis. Equities research analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

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.