15,779 Shares in Tri Pointe Homes, Inc. (NYSE:TPH) Purchased by MQS Management LLC

MQS Management LLC purchased a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,779 shares of the construction company's stock, valued at approximately $715,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James & Associates grew its stake 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 buying an additional 33,629 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Tri Pointe Homes during the first quarter valued at about $834,000. State Board of Administration of Florida Retirement System increased its position in shares of Tri Pointe Homes by 64.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company's stock worth $3,219,000 after acquiring an additional 32,717 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Tri Pointe Homes by 3,110.4% in the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company's stock worth $4,012,000 after acquiring an additional 104,355 shares in the last quarter. Finally, Forge First Asset Management Inc. acquired a new stake in Tri Pointe Homes during the 1st quarter valued at approximately $3,156,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TPH. Wedbush reiterated a "neutral" rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Zelman & Associates raised shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price for the company in a research report on Tuesday, September 17th. Evercore ISI raised shares of Tri Pointe Homes to a "strong-buy" rating in a research report on Friday, July 26th. Oppenheimer cut their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Royal Bank of Canada decreased their target price on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tri Pointe Homes presently has an average rating of "Moderate Buy" and an average target price of $45.75.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH traded down $0.45 during trading on Wednesday, hitting $41.38. 687,574 shares of the company traded hands, compared to its average volume of 900,063. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The business's fifty day moving average is $43.38 and its 200-day moving average is $41.37. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.68 and a beta of 1.60. Tri Pointe Homes, Inc. has a one year low of $28.74 and a one year high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. As a group, equities analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares of the company's stock, valued at approximately $3,798,869.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company 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.