Tri Pointe Homes, Inc. (NYSE:TPH) Stock Holdings Increased by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 33.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,077 shares of the construction company's stock after acquiring an additional 14,337 shares during the period. Natixis Advisors LLC owned about 0.06% of Tri Pointe Homes worth $2,586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TPH. Assenagon Asset Management S.A. grew its stake in Tri Pointe Homes by 260.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company's stock valued at $64,216,000 after purchasing an additional 1,024,425 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Tri Pointe Homes by 1,417.8% during the 2nd quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company's stock valued at $16,529,000 after buying an additional 414,500 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Tri Pointe Homes by 149.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company's stock valued at $19,907,000 after buying an additional 320,221 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Tri Pointe Homes during the second quarter worth approximately $9,599,000. Finally, Jane Street Group LLC increased its stake in shares of Tri Pointe Homes by 171.3% in the first 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. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Performance

TPH stock traded up $1.99 during mid-day trading on Monday, reaching $44.61. The company had a trading volume of 1,123,962 shares, compared to its average volume of 889,579. Tri Pointe Homes, Inc. has a one year low of $28.74 and a one year high of $47.78. The stock has a market capitalization of $4.18 billion, a P/E ratio of 8.84, a P/E/G ratio of 0.69 and a beta of 1.60. 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 stock's 50-day simple moving average is $43.26 and its two-hundred day simple moving average is $41.56.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $0.76 EPS. Tri Pointe Homes's quarterly revenue was up 34.9% compared to the same quarter last year. Research analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on TPH. 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. Wedbush reissued a "neutral" rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, October 24th. Royal Bank of Canada reduced their target price on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer decreased their target price on 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. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.75.

About Tri Pointe Homes

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.