Robeco Institutional Asset Management B.V. Sells 264,047 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 83.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,637 shares of the construction company's stock after selling 264,047 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Tri Pointe Homes worth $2,430,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Daiwa Securities Group Inc. grew its stake in shares of Tri Pointe Homes by 620.0% in the first quarter. Daiwa Securities Group Inc. now owns 7,200 shares of the construction company's stock worth $278,000 after acquiring an additional 6,200 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of Tri Pointe Homes by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 84,939 shares of the construction company's stock valued at $3,284,000 after buying an additional 1,100 shares during the period. Duality Advisers LP bought a new position in shares of Tri Pointe Homes during the 1st quarter valued at $336,000. Illinois Municipal Retirement Fund boosted its stake in shares of Tri Pointe Homes by 2.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 57,313 shares of the construction company's stock worth $2,216,000 after buying an additional 1,558 shares during the last quarter. Finally, Inspire Advisors LLC grew its holdings in shares of Tri Pointe Homes by 71.4% in the first quarter. Inspire Advisors LLC now owns 13,541 shares of the construction company's stock worth $523,000 after acquiring an additional 5,639 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the 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 completion of the sale, the general counsel now directly owns 85,792 shares of the company's stock, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on TPH. Oppenheimer dropped their target price on Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada dropped their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Evercore ISI raised shares of Tri Pointe Homes to a "strong-buy" rating in a report on Friday, July 26th. Zelman & Associates upgraded shares of Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 price target on the stock in a research note on Tuesday, September 17th. Finally, Wedbush restated a "neutral" rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Tri Pointe Homes has a consensus rating of "Moderate Buy" and an average target price of $45.75.

Tri Pointe Homes Stock Performance

NYSE TPH traded up $0.72 on Friday, reaching $42.67. 919,004 shares of the stock were exchanged, compared to its average volume of 770,749. The firm has a market capitalization of $3.99 billion, a PE ratio of 8.85, a PEG ratio of 0.69 and a beta of 1.60. Tri Pointe Homes, Inc. has a one year low of $27.50 and a one year high of $47.78. The company's 50-day simple moving average is $43.43 and its two-hundred day simple moving average is $41.26. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

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, beating analysts' consensus estimates of $1.07 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. Tri Pointe Homes's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 EPS. Analysts expect that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

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.