Dynamic Technology Lab Private Ltd Raises Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Dynamic Technology Lab Private Ltd lifted its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 87.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,061 shares of the construction company's stock after buying an additional 15,936 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Tri Pointe Homes were worth $1,543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GSA Capital Partners LLP lifted its stake in Tri Pointe Homes by 4.4% in the 3rd quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company's stock worth $280,000 after purchasing an additional 258 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Tri Pointe Homes by 0.3% in the third quarter. Empowered Funds LLC now owns 99,346 shares of the construction company's stock worth $4,501,000 after buying an additional 265 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Tri Pointe Homes by 31.7% in the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock worth $69,000 after buying an additional 427 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Tri Pointe Homes by 7.1% during the second quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company's stock valued at $293,000 after buying an additional 519 shares during the last quarter. Finally, Diversified Trust Co grew its holdings in Tri Pointe Homes by 4.2% during the 2nd quarter. Diversified Trust Co now owns 13,308 shares of the construction company's stock valued at $496,000 after buying an additional 536 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TPH. Wedbush reaffirmed a "neutral" rating and set a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, October 24th. Royal Bank of Canada decreased 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. Zelman & Associates raised shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective for the company in a research note on Tuesday, September 17th. Finally, Oppenheimer reduced their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes has a consensus rating of "Moderate Buy" and an average price target of $45.75.

Insider Activity

In related news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company's stock.

Tri Pointe Homes Trading Down 2.2 %

NYSE TPH traded down $0.98 on Tuesday, hitting $43.64. 711,715 shares of the stock were exchanged, compared to its average volume of 888,802. Tri Pointe Homes, Inc. has a 52-week low of $28.74 and a 52-week high of $47.78. The firm has a market capitalization of $4.08 billion, a P/E ratio of 9.05, a P/E/G ratio of 0.69 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. The stock has a fifty day moving average price of $43.23 and a two-hundred day moving average price of $41.62.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued 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. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm's revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. Research analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

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.