Invesco Ltd. Buys 118,204 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Invesco Ltd. boosted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,068,073 shares of the construction company's stock after purchasing an additional 118,204 shares during the period. Invesco Ltd. owned about 1.14% of Tri Pointe Homes worth $38,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. purchased a new position in shares of Tri Pointe Homes during the 4th quarter valued at about $118,407,000. Norges Bank bought a new stake in Tri Pointe Homes during the 4th quarter worth approximately $14,815,000. Raymond James Financial Inc. purchased a new position in Tri Pointe Homes during the fourth quarter valued at approximately $13,342,000. Boston Partners purchased a new position in Tri Pointe Homes during the fourth quarter valued at approximately $8,888,000. Finally, American Century Companies Inc. boosted its position in shares of Tri Pointe Homes by 14.0% in the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock worth $70,579,000 after purchasing an additional 238,807 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on TPH. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Wedbush reaffirmed a "neutral" rating and issued a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Oppenheimer decreased their target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, Evercore ISI dropped their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Tri Pointe Homes presently has a consensus rating of "Moderate Buy" and an average price target of $40.60.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH traded up $1.31 during mid-day trading on Tuesday, reaching $30.88. The stock had a trading volume of 995,156 shares, compared to its average volume of 872,280. The business's 50 day moving average price is $31.36 and its 200 day moving average price is $36.82. Tri Pointe Homes, Inc. has a 1 year low of $27.90 and a 1 year high of $47.78. The company has a market cap of $2.83 billion, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.22 billion. Research analysts expect that Tri Pointe Homes, Inc. will post 3.58 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.