Assenagon Asset Management S.A. Acquires 1,024,425 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Assenagon Asset Management S.A. increased its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 260.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,417,263 shares of the construction company's stock after buying an additional 1,024,425 shares during the quarter. Assenagon Asset Management S.A. owned about 1.51% of Tri Pointe Homes worth $64,216,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new position in Tri Pointe Homes in the first quarter valued at approximately $25,000. Gradient Investments LLC acquired a new position in shares of Tri Pointe Homes during the 2nd quarter worth $30,000. GAMMA Investing LLC lifted its position in shares of Tri Pointe Homes by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock worth $57,000 after buying an additional 588 shares during the last quarter. Blue Trust Inc. boosted its stake in Tri Pointe Homes by 31.7% in the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock valued at $69,000 after buying an additional 427 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Tri Pointe Homes by 70.8% in 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 during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Down 1.1 %

NYSE TPH traded down $0.45 on Friday, hitting $40.28. 1,078,931 shares of the company were exchanged, compared to its average volume of 904,663. The company has a market cap of $3.77 billion, a PE ratio of 9.15, a PEG ratio of 0.70 and a beta of 1.59. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes, Inc. has a 12 month low of $24.18 and a 12 month high of $47.78. The stock has a fifty day moving average of $43.98 and a 200-day moving average of $40.83.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business posted $0.76 EPS. Tri Pointe Homes's quarterly revenue was up 34.9% compared to the same quarter last year. As a group, analysts forecast that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, General Counsel David Ch Lee sold 5,000 shares of the company'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 owns 85,792 shares of the company's stock, valued at $3,798,869.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel David Ch Lee sold 5,000 shares of the business's 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 sale, the general counsel now owns 85,792 shares of the company's stock, valued at $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the completion of the transaction, the chief financial officer now owns 149,108 shares of the company's stock, valued at $6,882,825.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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.