Tri Pointe Homes, Inc. (NYSE:TPH) Stock Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 703.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,853 shares of the construction company's stock after buying an additional 139,079 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Tri Pointe Homes worth $7,198,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in Tri Pointe Homes by 1.5% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company's stock worth $959,000 after acquiring an additional 376 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Tri Pointe Homes by 2.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 108,572 shares of the construction company's stock worth $4,196,000 after buying an additional 2,621 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Tri Pointe Homes in the 1st quarter valued at approximately $884,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tri Pointe Homes by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,976 shares of the construction company's stock worth $3,092,000 after acquiring an additional 3,384 shares during the last quarter. Finally, Bamco Inc. NY purchased a new position in shares of Tri Pointe Homes during the 1st quarter worth approximately $3,295,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Up 1.5 %

NYSE:TPH traded up $0.65 during midday trading on Friday, hitting $42.62. 572,328 shares of the company were exchanged, compared to its average volume of 747,111. 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 fifty-two week low of $28.74 and a fifty-two week high of $47.78. The company has a market capitalization of $3.99 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. The company has a fifty day simple moving average of $43.26 and a 200 day simple moving average of $41.53.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. As a group, equities analysts anticipate 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 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 value of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

TPH has been the topic of a number of research reports. Oppenheimer decreased their price target 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. Evercore ISI upgraded Tri Pointe Homes to a "strong-buy" rating in a report on Friday, July 26th. Royal Bank of Canada cut their price target 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 reissued a "neutral" rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price on the stock in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tri Pointe Homes presently has an average rating of "Moderate Buy" and an average target price of $45.75.

About Tri Pointe Homes

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.