O Keefe Stevens Advisory Inc. Grows Position in Tri Pointe Homes, Inc. (NYSE:TPH)

O Keefe Stevens Advisory Inc. increased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,186 shares of the construction company's stock after purchasing an additional 8,282 shares during the quarter. Tri Pointe Homes makes up 2.7% of O Keefe Stevens Advisory Inc.'s portfolio, making the stock its 15th biggest holding. O Keefe Stevens Advisory Inc. owned approximately 0.26% of Tri Pointe Homes worth $8,673,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TPH. Reston Wealth Management LLC bought a new stake in shares of Tri Pointe Homes in the third quarter worth about $45,000. Quarry LP grew its holdings in Tri Pointe Homes by 123.3% during the 2nd quarter. Quarry LP now owns 2,401 shares of the construction company's stock valued at $89,000 after buying an additional 1,326 shares in the last quarter. Blue Trust Inc. increased its stake in Tri Pointe Homes by 33.5% in the 3rd quarter. Blue Trust Inc. now owns 2,368 shares of the construction company's stock worth $107,000 after acquiring an additional 594 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Tri Pointe Homes by 75.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company's stock worth $121,000 after acquiring an additional 1,149 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Tri Pointe Homes by 39.3% during the 3rd quarter. CWM LLC now owns 3,092 shares of the construction company's stock valued at $140,000 after acquiring an additional 872 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 77,384 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.15, for a total value of $3,029,583.60. Following the completion of the transaction, the chief operating officer now directly owns 708,159 shares of the company's stock, valued at $27,724,424.85. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TPH. StockNews.com downgraded shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Oppenheimer decreased their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Wedbush reiterated a "neutral" rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.75.

Tri Pointe Homes Trading Down 0.8 %

NYSE:TPH traded down $0.30 during mid-day trading on Friday, hitting $37.27. 661,421 shares of the stock traded hands, compared to its average volume of 882,932. 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 has a market capitalization of $3.49 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.55 and a beta of 1.64. Tri Pointe Homes, Inc. has a 52 week low of $33.24 and a 52 week high of $47.78. The firm's 50 day moving average is $39.32 and its two-hundred day moving average is $41.72.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted 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 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 analysts' expectations of $1.05 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The business's revenue for the quarter was up 34.9% on a year-over-year basis. On average, equities research analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Tri Pointe Homes announced that its board has approved a stock repurchase plan on Wednesday, December 18th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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.