Robeco Institutional Asset Management B.V. Lowers Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 75.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,108 shares of the construction company's stock after selling 40,529 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Tri Pointe Homes were worth $475,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. purchased a new position in shares of Tri Pointe Homes during the fourth quarter valued at approximately $118,407,000. Geode Capital Management LLC lifted its holdings in shares of Tri Pointe Homes by 3.2% during the third quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company's stock valued at $112,644,000 after purchasing an additional 76,830 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Tri Pointe Homes by 260.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company's stock valued at $64,216,000 after purchasing an additional 1,024,425 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tri Pointe Homes by 11.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company's stock worth $52,816,000 after acquiring an additional 115,099 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Tri Pointe Homes by 0.8% in the 3rd quarter. Fisher Asset Management LLC now owns 725,537 shares of the construction company's stock worth $32,874,000 after acquiring an additional 6,079 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Down 3.3 %

TPH stock traded down $1.20 during trading on Friday, hitting $35.35. 598,689 shares of the company's stock traded hands, compared to its average volume of 660,455. The firm has a market capitalization of $3.31 billion, a P/E ratio of 7.33, a PEG ratio of 0.59 and a beta of 1.64. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 1 year low of $33.24 and a 1 year high of $47.78. The business has a fifty day simple moving average of $37.64 and a two-hundred day simple moving average of $41.32.

Tri Pointe Homes announced that its board has initiated a stock repurchase program on Wednesday, December 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 7.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Activity at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 77,384 shares of the business's 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 directly owns 708,159 shares in the company, valued at $27,724,424.85. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TPH has been the subject of a number of recent analyst reports. Wedbush restated a "neutral" rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, October 24th. Royal Bank of Canada decreased their target price on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock 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 research note on Friday, October 25th. Finally, StockNews.com lowered Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tri Pointe Homes currently has an average rating of "Moderate Buy" and an average price target of $45.75.

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.