Tri Pointe Homes, Inc. (NYSE:TPH) Stock Holdings Increased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 22.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,100 shares of the construction company's stock after buying an additional 57,400 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.34% of Tri Pointe Homes worth $14,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TPH. Gradient Investments LLC bought a new position in Tri Pointe Homes during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new position in Tri Pointe Homes in the third quarter worth $45,000. GAMMA Investing LLC boosted its holdings in Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock worth $57,000 after purchasing an additional 588 shares during the period. Blue Trust Inc. increased its stake in Tri Pointe Homes by 31.7% during the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock valued at $69,000 after purchasing an additional 427 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company's stock worth $83,000 after buying an additional 920 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Insider Activity

In other news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company's stock.

Tri Pointe Homes Stock Performance

Tri Pointe Homes stock traded down $0.09 during midday trading on Friday, reaching $43.53. 332,081 shares of the stock traded hands, compared to its average volume of 884,863. The firm has a fifty day moving average price of $43.14 and a two-hundred day moving average price of $41.68. Tri Pointe Homes, Inc. has a fifty-two week low of $28.74 and a fifty-two week high of $47.78. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.71 and a beta of 1.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. On average, equities research analysts forecast that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TPH. Wedbush reaffirmed a "neutral" rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Oppenheimer lowered their target price on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Zelman & Associates upgraded Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price target on the stock in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada reduced their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.75.

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.