Massachusetts Financial Services Co. MA Buys 35,162 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Massachusetts Financial Services Co. MA increased its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 404.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,849 shares of the construction company's stock after purchasing an additional 35,162 shares during the period. Massachusetts Financial Services Co. MA's holdings in Tri Pointe Homes were worth $1,987,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Tri Pointe Homes by 4.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 79,976 shares of the construction company's stock worth $3,092,000 after purchasing an additional 3,384 shares during the last quarter. Jane Street Group LLC lifted its position in Tri Pointe Homes by 171.3% in the 1st quarter. Jane Street Group LLC now owns 293,636 shares of the construction company's stock worth $11,352,000 after buying an additional 185,395 shares during the last quarter. Burney Co. boosted its stake in Tri Pointe Homes by 5.6% in the first quarter. Burney Co. now owns 45,053 shares of the construction company's stock worth $1,742,000 after buying an additional 2,401 shares in the last quarter. 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 last quarter. Finally, CWM LLC raised its stake in shares of 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 in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel David Ch Lee sold 5,000 shares of the company'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 sale, the general counsel now directly owns 85,792 shares of the company's stock, valued at $3,798,869.76. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

TPH has been the subject of a number of research reports. Wedbush reaffirmed a "neutral" rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Oppenheimer dropped 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. Royal Bank of Canada decreased their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective for the company in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.75.

Tri Pointe Homes Trading Down 0.0 %

NYSE:TPH traded down $0.02 during trading hours on Thursday, hitting $43.62. The company had a trading volume of 535,658 shares, compared to its average volume of 887,266. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a 50-day moving average price of $43.16 and a 200 day moving average price of $41.65. The company has a market capitalization of $4.08 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60. Tri Pointe Homes, Inc. has a 52 week low of $28.74 and a 52 week high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. On average, equities research analysts predict that Tri Pointe Homes, Inc. will post 4.72 EPS 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.