Tri Pointe Homes, Inc. (NYSE:TPH) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 5.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 566,100 shares of the construction company's stock after acquiring an additional 27,200 shares during the period. Two Sigma Advisers LP owned approximately 0.60% of Tri Pointe Homes worth $25,650,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TPH. Gradient Investments LLC acquired a new stake in Tri Pointe Homes in the 2nd quarter worth about $30,000. Reston Wealth Management LLC acquired a new stake in Tri Pointe Homes in the 3rd quarter worth about $45,000. GAMMA Investing LLC boosted its holdings in Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock worth $57,000 after buying an additional 588 shares during the last quarter. Blue Trust Inc. boosted its holdings in Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock worth $69,000 after buying an additional 427 shares during the last quarter. Finally, CWM LLC boosted its holdings in 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. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TPH shares. Oppenheimer lowered their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Wedbush reiterated a "neutral" rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, October 24th. Zelman & Associates upgraded Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective on the stock in a report on Tuesday, September 17th. Finally, Royal Bank of Canada lowered their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Two 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.75.

Tri Pointe Homes Price Performance

TPH traded down $0.03 during trading on Friday, reaching $41.49. The company's stock had a trading volume of 620,058 shares, compared to its average volume of 594,456. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $41.78. Tri Pointe Homes, Inc. has a 1 year low of $30.27 and a 1 year high of $47.78. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.69 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company posted $0.76 EPS. The business's revenue was up 34.9% on a year-over-year basis. As a group, analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

Insider Activity

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

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.