Skandinaviska Enskilda Banken AB publ Sells 43,415 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Skandinaviska Enskilda Banken AB publ trimmed its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 43.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,518 shares of the construction company's stock after selling 43,415 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of Tri Pointe Homes worth $2,087,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Tri Pointe Homes by 84.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after acquiring an additional 613 shares during the period. Assetmark Inc. raised its position in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after acquiring an additional 300 shares during the period. Venturi Wealth Management LLC raised its position in shares of Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after acquiring an additional 1,900 shares during the period. Nisa Investment Advisors LLC raised its position 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 acquiring an additional 789 shares during the period. Finally, Blue Trust Inc. increased its stake in Tri Pointe Homes by 72.8% during the 4th quarter. Blue Trust Inc. now owns 4,093 shares of the construction company's stock worth $148,000 after purchasing an additional 1,725 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on TPH shares. Wedbush reissued a "neutral" rating and set a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Evercore ISI cut their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Oppenheimer cut their price target on 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, Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, two have issued 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 $40.60.

Tri Pointe Homes Trading Up 0.4 %

Shares of Tri Pointe Homes stock traded up $0.14 during midday trading on Thursday, reaching $31.93. The company had a trading volume of 882,236 shares, compared to its average volume of 796,179. Tri Pointe Homes, Inc. has a fifty-two week low of $30.25 and a fifty-two week high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The stock has a fifty day moving average price of $34.42 and a 200 day moving average price of $39.20. The firm has a market cap of $2.93 billion, a PE ratio of 6.61, a P/E/G ratio of 0.67 and a beta of 1.71.

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

Tri Pointe Homes declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are 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.