Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP cut its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 94.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,408 shares of the construction company's stock after selling 349,199 shares during the period. ExodusPoint Capital Management LP's holdings in Tri Pointe Homes were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TPH. Vanguard Group Inc. boosted its stake in Tri Pointe Homes by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock worth $419,666,000 after purchasing an additional 143,365 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Tri Pointe Homes in the fourth quarter worth about $118,407,000. Geode Capital Management LLC boosted its position in Tri Pointe Homes by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock worth $91,748,000 after acquiring an additional 44,160 shares during the last quarter. GW&K Investment Management LLC grew its stake in Tri Pointe Homes by 5.3% during the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after acquiring an additional 102,187 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Tri Pointe Homes by 14.0% during the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock valued at $70,579,000 after acquiring an additional 238,807 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TPH shares. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Wedbush reiterated a "neutral" rating and set a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Evercore ISI reduced their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Oppenheimer dropped their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.60.

Tri Pointe Homes Trading Down 0.7 %

TPH stock traded down $0.20 during midday trading on Tuesday, hitting $29.32. 893,429 shares of the company's stock were exchanged, compared to its average volume of 874,066. Tri Pointe Homes, Inc. has a 1-year low of $27.90 and a 1-year high of $47.78. The business has a 50-day simple moving average of $32.10 and a two-hundred day simple moving average of $37.41. The stock has a market capitalization of $2.69 billion, a PE ratio of 6.07, a P/E/G ratio of 0.67 and a beta of 1.44. The company has a current ratio of 2.24, 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 Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. On average, sell-side analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its board has authorized a stock buyback plan on Wednesday, December 18th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 7.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

About Tri Pointe Homes

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.