Free Trial

Bridgewater Associates LP Increases Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Tri Pointe Homes logo with Construction background

Bridgewater Associates LP lifted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 476.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,719 shares of the construction company's stock after acquiring an additional 144,403 shares during the quarter. Bridgewater Associates LP owned approximately 0.19% of Tri Pointe Homes worth $7,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Gradient Investments LLC bought a new position in shares of Tri Pointe Homes during the second quarter worth about $30,000. Reston Wealth Management LLC acquired a new stake in Tri Pointe Homes during the third quarter worth approximately $45,000. GAMMA Investing LLC grew its stake in Tri Pointe Homes by 63.1% during 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. grew 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 worth $69,000 after purchasing an additional 427 shares during the period. Finally, CWM LLC grew its stake in Tri Pointe Homes by 70.8% during the second quarter. CWM LLC now owns 2,220 shares of the construction company's stock worth $83,000 after purchasing an additional 920 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TPH. Wedbush reaffirmed a "neutral" rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note 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 for the company in a research note on Friday, October 25th. Oppenheimer decreased their target price 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, Zelman & Associates raised Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price for the company in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.75.

View Our Latest Stock Analysis on Tri Pointe Homes

Insider Activity

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

Tri Pointe Homes Stock Down 0.2 %

Tri Pointe Homes stock traded down $0.09 during mid-day trading on Friday, reaching $43.53. The stock had a trading volume of 332,081 shares, compared to its average volume of 884,863. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a fifty-two week low of $28.74 and a fifty-two week high of $47.78. The stock's 50-day simple moving average is $43.16 and its 200-day simple moving average is $41.65. The firm has a market capitalization of $4.07 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60.

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

Tri Pointe Homes Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

→ Has Trump Finally Gone Too Far? (From Insiders Exposed) (Ad)

Should you invest $1,000 in Tri Pointe Homes right now?

Before you consider Tri Pointe Homes, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tri Pointe Homes wasn't on the list.

While Tri Pointe Homes currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Energy Stocks Are Poised for Explosive Growth in 2025
From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines