Tri Pointe Homes, Inc. (NYSE:TPH) Holdings Raised by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC increased its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 16.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 205,482 shares of the construction company's stock after acquiring an additional 28,910 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.22% of Tri Pointe Homes worth $9,310,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Tri Pointe Homes by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,976 shares of the construction company's stock valued at $3,092,000 after buying an additional 3,384 shares during the period. GAMMA Investing LLC grew its position in 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 acquiring an additional 588 shares during the period. CWM LLC increased its stake in Tri Pointe Homes by 70.8% during the second quarter. CWM LLC now owns 2,220 shares of the construction company's stock worth $83,000 after acquiring an additional 920 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Tri Pointe Homes by 3,110.4% in the 2nd quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company's stock worth $4,012,000 after purchasing an additional 104,355 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in shares of Tri Pointe Homes in the 2nd quarter valued at about $3,844,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Down 1.6 %

Shares of NYSE TPH traded down $0.68 during trading on Thursday, reaching $41.54. 591,306 shares of the stock were exchanged, compared to its average volume of 880,032. The business's 50-day moving average price is $42.99 and its 200 day moving average price is $41.75. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60. Tri Pointe Homes, Inc. has a twelve month low of $30.27 and a twelve month high of $47.78. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating 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 in the prior year, the company posted $0.76 EPS. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. As a group, equities analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. 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 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 target price on the stock in a research note on Tuesday, September 17th. Oppenheimer decreased their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Wedbush reissued a "neutral" rating and issued a $42.00 price objective 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.75.

Insider Activity at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the business's stock in a transaction dated Friday, September 13th. The shares were 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. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

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.