Jacobs Levy Equity Management Inc. Has $53.64 Million Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Jacobs Levy Equity Management Inc. cut its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183,909 shares of the construction company's stock after selling 35,800 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.26% of Tri Pointe Homes worth $53,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates boosted its holdings in shares of Tri Pointe Homes by 19.2% in the third quarter. Raymond James & Associates now owns 208,566 shares of the construction company's stock valued at $9,450,000 after acquiring an additional 33,629 shares in the last quarter. SG Americas Securities LLC lifted its position 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 valued at $4,012,000 after acquiring an additional 104,355 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Tri Pointe Homes by 10,048.1% in the 2nd quarter. Federated Hermes Inc. now owns 35,011 shares of the construction company's stock valued at $1,304,000 after acquiring an additional 34,666 shares in the last quarter. Millennium Management LLC lifted its position in Tri Pointe Homes by 14.1% in the 2nd quarter. Millennium Management LLC now owns 925,498 shares of the construction company's stock worth $34,475,000 after buying an additional 114,244 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position 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 buying an additional 1,024,425 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Price Performance

TPH traded down $1.11 during midday trading on Wednesday, hitting $42.21. The company had a trading volume of 662,479 shares, compared to its average volume of 881,266. 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 company has a market capitalization of $3.95 billion, a PE ratio of 8.76, a P/E/G ratio of 0.71 and a beta of 1.60. Tri Pointe Homes, Inc. has a twelve month low of $30.09 and a twelve month high of $47.78. The firm's 50-day simple moving average is $43.03 and its 200-day simple moving average is $41.75.

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, topping the consensus estimate 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 quarter in the previous year, the company earned $0.76 EPS. Tri Pointe Homes's revenue was up 34.9% on a year-over-year basis. Equities research analysts predict that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TPH shares. Royal Bank of Canada dropped 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 target for the company in a report on Tuesday, September 17th. 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. Finally, Oppenheimer reduced their price objective 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. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Tri Pointe Homes presently has an average rating of "Moderate Buy" and an average price target of $45.75.

Insider Transactions at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the business's stock in a transaction 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 sale, the general counsel now owns 85,792 shares of the company's stock, valued at $3,798,869.76. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate 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.