Tri Pointe Homes, Inc. (NYSE:TPH) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 73.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,107 shares of the construction company's stock after acquiring an additional 13,210 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Tri Pointe Homes were worth $1,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes in the second quarter valued at about $30,000. Reston Wealth Management LLC acquired a new stake in Tri Pointe Homes during the third quarter worth about $45,000. Blue Trust Inc. raised its position in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock valued at $69,000 after buying an additional 427 shares during the period. CWM LLC raised its position in Tri Pointe Homes by 70.8% in the second quarter. CWM LLC now owns 2,220 shares of the construction company's stock valued at $83,000 after purchasing an additional 920 shares during the period. Finally, Quarry LP raised its holdings in Tri Pointe Homes by 123.3% in the 2nd quarter. Quarry LP now owns 2,401 shares of the construction company's stock valued at $89,000 after buying an additional 1,326 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock traded down $1.05 during mid-day trading on Friday, reaching $39.03. The company had a trading volume of 599,938 shares, compared to its average volume of 877,913. The company has a market capitalization of $3.65 billion, a P/E ratio of 8.10, a P/E/G ratio of 0.66 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The stock's 50-day simple moving average is $42.49 and its 200-day simple moving average is $41.84. Tri Pointe Homes, Inc. has a 1 year low of $32.63 and a 1 year high of $47.78.

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

Analysts Set New Price Targets

TPH has been the topic of a number of recent research reports. Oppenheimer cut their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. 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. Zelman & Associates raised shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price on the stock in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada cut their price target on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.