LPL Financial LLC Has $938,000 Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

LPL Financial LLC trimmed its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,866 shares of the construction company's stock after selling 9,123 shares during the quarter. LPL Financial LLC's holdings in Tri Pointe Homes were worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in Tri Pointe Homes in the 4th quarter valued at approximately $936,000. Hillsdale Investment Management Inc. increased its holdings in shares of Tri Pointe Homes by 0.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company's stock worth $3,619,000 after purchasing an additional 340 shares during the period. American Century Companies Inc. raised its position in shares of Tri Pointe Homes by 14.0% during the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock valued at $70,579,000 after buying an additional 238,807 shares during the last quarter. Magnetar Financial LLC lifted its stake in shares of Tri Pointe Homes by 36.0% in the fourth quarter. Magnetar Financial LLC now owns 9,894 shares of the construction company's stock valued at $359,000 after buying an additional 2,621 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Tri Pointe Homes by 9.2% during the fourth quarter. Teacher Retirement System of Texas now owns 138,203 shares of the construction company's stock worth $5,011,000 after buying an additional 11,587 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TPH shares. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wedbush reiterated a "neutral" rating and set a $38.00 price target (down previously from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Oppenheimer dropped their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, Evercore ISI decreased 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. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently 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 down $0.10 during midday trading on Wednesday, reaching $30.83. 1,041,627 shares of the company traded hands, compared to its average volume of 872,953. Tri Pointe Homes, Inc. has a 12 month low of $27.90 and a 12 month high of $47.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The stock's 50-day simple moving average is $31.36 and its 200-day simple moving average is $36.82. The firm has a market cap of $2.83 billion, a PE ratio of 6.38, a PEG ratio of 0.67 and a beta of 1.44.

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

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.