Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 60.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,445 shares of the construction company's stock after selling 88,793 shares during the period. Quantbot Technologies LP owned about 0.06% of Tri Pointe Homes worth $2,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after buying an additional 613 shares in the last quarter. Assetmark Inc. increased its holdings in Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after acquiring an additional 300 shares in the last quarter. Venturi Wealth Management LLC raised its position in Tri Pointe Homes by 562.1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after acquiring an additional 1,900 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 51.4% during the fourth 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 in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Tri Pointe Homes in the third quarter valued at about $184,000. Institutional investors and hedge funds own 97.01% of the company's stock.

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Tri Pointe Homes Trading Down 0.3 %

Shares of TPH traded down $0.08 during midday trading on Thursday, reaching $32.63. The company had a trading volume of 685,235 shares, compared to its average volume of 806,843. Tri Pointe Homes, Inc. has a 1-year low of $30.25 and a 1-year high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $34.07 and a 200-day simple moving average of $38.82. The stock has a market cap of $2.99 billion, a PE ratio of 6.76, a price-to-earnings-growth 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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.22 billion. Research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wedbush restated a "neutral" rating and issued a $38.00 target price (down previously from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Oppenheimer dropped their price target on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. StockNews.com lowered Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Finally, Evercore ISI dropped their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.60.

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.