Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Fmr LLC

FMR LLC lessened its stake in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 546,961 shares of the construction company's stock after selling 14,482 shares during the quarter. FMR LLC owned about 0.58% of Tri Pointe Homes worth $24,783,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TPH. Assenagon Asset Management S.A. raised its stake in shares of Tri Pointe Homes by 260.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company's stock valued at $64,216,000 after acquiring an additional 1,024,425 shares during the period. Renaissance Technologies LLC raised its stake in shares of Tri Pointe Homes by 1,417.8% in the 2nd quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company's stock valued at $16,529,000 after acquiring an additional 414,500 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Tri Pointe Homes by 149.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company's stock valued at $19,907,000 after acquiring an additional 320,221 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Tri Pointe Homes in the 2nd quarter valued at $9,599,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Tri Pointe Homes by 703.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,853 shares of the construction company's stock valued at $7,198,000 after acquiring an additional 139,079 shares during the period. 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 Tri Pointe Homes stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value 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. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company's stock.

Tri Pointe Homes Stock Down 1.9 %

Tri Pointe Homes stock traded down $0.80 during midday trading on Tuesday, hitting $41.18. 682,113 shares of the stock were exchanged, compared to its average volume of 879,257. The company has a 50 day moving average price of $42.85 and a two-hundred day moving average price of $41.83. The firm has a market cap of $3.85 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.68 and a beta of 1.60. Tri Pointe Homes, Inc. has a 1 year low of $30.27 and a 1 year high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64.

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 the consensus estimate of $1.07 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company's revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, sell-side analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TPH has been the topic of a number of research reports. 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 note on Tuesday, September 17th. Wedbush reissued a "neutral" rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Oppenheimer dropped 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. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $45.75.

Tri Pointe Homes 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.