Proficio Capital Partners LLC Invests $643,000 in Tri Pointe Homes, Inc. (NYSE:TPH)

Proficio Capital Partners LLC acquired a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,731 shares of the construction company's stock, valued at approximately $643,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in shares of Tri Pointe Homes by 562.1% during the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after purchasing an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Tri Pointe Homes by 51.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock valued at $84,000 after purchasing an additional 789 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Tri Pointe Homes by 72.8% in the 4th quarter. Blue Trust Inc. now owns 4,093 shares of the construction company's stock valued at $148,000 after purchasing an additional 1,725 shares during the last quarter. KBC Group NV raised its holdings in shares of Tri Pointe Homes by 65.9% during the 4th quarter. KBC Group NV now owns 4,254 shares of the construction company's stock worth $154,000 after buying an additional 1,690 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Tri Pointe Homes during the 3rd quarter worth $184,000. Institutional investors and hedge funds 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 Tri Pointe Homes stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the completion of the transaction, the chief operating officer now owns 708,159 shares of the company's stock, valued at $27,724,424.85. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.50% of the company's stock.

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Analyst Ratings Changes

TPH has been the topic of a number of recent analyst reports. StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Evercore ISI lowered their price objective on shares of 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. Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Oppenheimer lowered their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, Wedbush reissued a "neutral" rating and set a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.60.

Tri Pointe Homes Trading Down 2.1 %

Shares of NYSE:TPH traded down $0.65 during mid-day trading on Thursday, reaching $31.14. 592,693 shares of the company's stock were exchanged, compared to its average volume of 901,779. 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, Inc. has a twelve month low of $30.25 and a twelve month high of $47.78. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.67 and a beta of 1.71. The business's fifty day moving average price is $34.84 and its 200-day moving average price is $39.66.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.30 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. On average, research analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its board has authorized a stock repurchase plan on Wednesday, December 18th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 7.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

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.