Edgestream Partners L.P. Acquires Shares of 121,725 Tri Pointe Homes, Inc. (NYSE:TPH)

Edgestream Partners L.P. purchased a new position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 121,725 shares of the construction company's stock, valued at approximately $5,515,000. Edgestream Partners L.P. owned approximately 0.13% of Tri Pointe Homes as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TPH. Assenagon Asset Management S.A. lifted its stake in Tri Pointe Homes by 260.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company's stock worth $64,216,000 after purchasing an additional 1,024,425 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Tri Pointe Homes by 1,417.8% during the 2nd quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company's stock valued at $16,529,000 after buying an additional 414,500 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Tri Pointe Homes by 149.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company's stock valued at $19,907,000 after buying an additional 320,221 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Tri Pointe Homes in the second quarter valued at $9,599,000. Finally, Jane Street Group LLC increased its position in Tri Pointe Homes by 171.3% in the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company's stock worth $11,352,000 after purchasing an additional 185,395 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.

Tri Pointe Homes Stock Down 0.2 %

NYSE TPH traded down $0.09 on Friday, hitting $43.53. The stock had a trading volume of 332,088 shares, compared to its average volume of 642,174. The business's fifty day moving average price is $43.14 and its 200 day moving average price is $41.70. The stock has a market cap 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. 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, Inc. has a 52-week low of $28.74 and a 52-week high of $47.78.

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

Analysts Set New Price Targets

TPH has been the subject of several analyst reports. Wedbush reaffirmed a "neutral" rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada reduced their target price 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. Oppenheimer lowered 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 report on Friday, October 25th. Finally, Zelman & Associates upgraded Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price for the company in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.