Chartwell Investment Partners LLC Sells 162,643 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Chartwell Investment Partners LLC reduced its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 51.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,504 shares of the construction company's stock after selling 162,643 shares during the period. Chartwell Investment Partners LLC owned 0.16% of Tri Pointe Homes worth $6,956,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in shares of Tri Pointe Homes by 260.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company's stock worth $64,216,000 after buying an additional 1,024,425 shares in the last quarter. Millennium Management LLC increased its position in shares of Tri Pointe Homes by 14.1% in the 2nd quarter. Millennium Management LLC now owns 925,498 shares of the construction company's stock valued at $34,475,000 after purchasing an additional 114,244 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Tri Pointe Homes by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company's stock valued at $34,135,000 after purchasing an additional 31,041 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Tri Pointe Homes by 149.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company's stock worth $19,907,000 after purchasing an additional 320,221 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Tri Pointe Homes by 1,417.8% during the second quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company's stock worth $16,529,000 after purchasing an additional 414,500 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Transactions at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the general counsel now directly owns 85,792 shares of the company's stock, valued at approximately $3,798,869.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TPH shares. 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. Oppenheimer cut their price objective on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Zelman & Associates upgraded shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price objective for the company in a research report on Tuesday, September 17th. Evercore ISI upgraded Tri Pointe Homes to a "strong-buy" rating in a research report on Friday, July 26th. Finally, 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 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 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 Trading Down 3.2 %

Shares of NYSE TPH traded down $1.38 during trading on Tuesday, hitting $41.83. 768,311 shares of the company traded hands, compared to its average volume of 901,033. 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 market capitalization of $3.91 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.69 and a beta of 1.60. The company has a 50-day moving average price of $43.40 and a 200-day moving average price of $41.34. Tri Pointe Homes, Inc. has a 1 year low of $27.66 and a 1 year high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company's revenue 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.

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.