Los Angeles Capital Management LLC Has $1.38 Million Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Los Angeles Capital Management LLC lessened its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 35.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,108 shares of the construction company's stock after selling 20,671 shares during the period. Los Angeles Capital Management LLC's holdings in Tri Pointe Homes were worth $1,382,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TPH. Reston Wealth Management LLC bought a new stake in shares of Tri Pointe Homes in the 3rd quarter worth approximately $45,000. Venturi Wealth Management LLC grew its position in Tri Pointe Homes by 562.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after buying an additional 1,900 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Tri Pointe Homes by 51.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock valued at $84,000 after buying an additional 789 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Tri Pointe Homes by 72.8% in the fourth quarter. Blue Trust Inc. now owns 4,093 shares of the construction company's stock valued at $148,000 after buying an additional 1,725 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Tri Pointe Homes by 65.9% during the 4th quarter. KBC Group NV now owns 4,254 shares of the construction company's stock valued at $154,000 after acquiring an additional 1,690 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

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Analysts Set New Price Targets

TPH has been the topic of a number of recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Oppenheimer cut their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. StockNews.com cut shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Evercore ISI dropped their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Tri Pointe Homes has an average rating of "Hold" and a consensus target price of $40.60.

Tri Pointe Homes Stock Up 1.3 %

NYSE:TPH traded up $0.39 on Tuesday, hitting $31.35. 542,651 shares of the company's stock traded hands, compared to its average volume of 861,186. The firm has a 50-day moving average price of $35.45 and a 200-day moving average price of $40.17. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.88 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Tri Pointe Homes, Inc. has a 1 year low of $30.25 and a 1 year high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes declared that its board has approved a share repurchase program on Wednesday, December 18th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 7.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the transaction, the chief operating officer now directly owns 708,159 shares of the company's stock, valued at $27,724,424.85. This represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

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.