Raymond James & Associates Has $9.45 Million Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Raymond James & Associates boosted its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,566 shares of the construction company's stock after buying an additional 33,629 shares during the period. Raymond James & Associates owned 0.22% of Tri Pointe Homes worth $9,450,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TPH. PNC Financial Services Group Inc. increased its holdings in shares of Tri Pointe Homes by 94.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,407 shares of the construction company's stock valued at $262,000 after purchasing an additional 3,588 shares during the period. First Trust Direct Indexing L.P. acquired a new position in shares of Tri Pointe Homes in the 1st quarter valued at $200,000. BNP Paribas Financial Markets boosted its position in Tri Pointe Homes by 132.8% during the 1st quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company's stock worth $4,730,000 after acquiring an additional 69,789 shares during the period. Capstone Investment Advisors LLC boosted its position in Tri Pointe Homes by 10.9% during the 1st quarter. Capstone Investment Advisors LLC now owns 15,786 shares of the construction company's stock worth $610,000 after acquiring an additional 1,548 shares during the period. Finally, Moloney Securities Asset Management LLC acquired a new stake in Tri Pointe Homes during the 1st quarter worth about $1,014,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the firm'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 completion of the sale, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock traded down $0.30 during trading hours on Wednesday, hitting $40.51. 786,621 shares of the stock were exchanged, compared to its average volume of 906,235. The stock has a market capitalization of $3.79 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.66 and a beta of 1.59. The business's 50-day moving average is $43.94 and its two-hundred day moving average is $40.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a 12 month low of $24.74 and a 12 month high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company earned $0.76 EPS. Tri Pointe Homes's revenue for the quarter was up 34.9% on a year-over-year basis. Equities research analysts expect that Tri Pointe Homes, Inc. will post 4.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on TPH. Evercore ISI raised Tri Pointe Homes to a "strong-buy" rating in a research note on Friday, July 26th. Royal Bank of Canada reduced their target price on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Oppenheimer cut their price target on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Wedbush restated a "neutral" rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Zelman & Associates raised 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. Two 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.75.

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.