Tri Pointe Homes, Inc. (NYSE:TPH) Position Reduced by Natixis

Natixis lowered its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 90.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,428 shares of the construction company's stock after selling 13,436 shares during the period. Natixis' holdings in Tri Pointe Homes were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPH. Barclays PLC increased its stake in Tri Pointe Homes by 103.7% in the third quarter. Barclays PLC now owns 209,239 shares of the construction company's stock valued at $9,480,000 after purchasing an additional 106,543 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Tri Pointe Homes during the 3rd quarter valued at about $343,000. Franklin Resources Inc. lifted its holdings in shares of Tri Pointe Homes by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 712,673 shares of the construction company's stock worth $31,971,000 after acquiring an additional 9,542 shares during the period. Oliver Luxxe Assets LLC boosted its position in shares of Tri Pointe Homes by 6.7% in the fourth quarter. Oliver Luxxe Assets LLC now owns 41,695 shares of the construction company's stock worth $1,512,000 after acquiring an additional 2,625 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in Tri Pointe Homes in the fourth quarter valued at approximately $233,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Activity

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $30.15, for a total value of $3,626,653.05. Following the transaction, the chief executive officer now owns 627,833 shares in the company, valued at approximately $18,929,164.95. The trade was a 16.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wedbush raised shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $38.00 to $43.00 in a research note on Monday. Evercore ISI lowered their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Finally, Oppenheimer dropped their target price on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $41.60.

Tri Pointe Homes Stock Down 0.7 %

Shares of NYSE:TPH traded down $0.21 during mid-day trading on Tuesday, hitting $30.10. 873,847 shares of the company traded hands, compared to its average volume of 872,567. The firm has a market cap of $2.76 billion, a P/E ratio of 6.23, a PEG ratio of 0.67 and a beta of 1.44. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The firm's 50 day simple moving average is $31.10 and its 200 day simple moving average is $36.41. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.25. The business had revenue of $720.79 million during the quarter, compared to the consensus estimate of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The business's quarterly revenue was down 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. On average, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

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.