Wells Fargo & Company MN Has $1.94 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Wells Fargo & Company MN grew its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,413 shares of the construction company's stock after buying an additional 10,650 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Tri Pointe Homes worth $1,937,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. acquired a new position in Tri Pointe Homes during the fourth quarter valued at $118,407,000. Norges Bank acquired a new position in shares of Tri Pointe Homes in the 4th quarter valued at about $14,815,000. Raymond James Financial Inc. purchased a new stake in shares of Tri Pointe Homes in the fourth quarter worth approximately $13,342,000. Boston Partners acquired a new stake in shares of Tri Pointe Homes during the fourth quarter worth approximately $8,888,000. Finally, American Century Companies Inc. grew its position in Tri Pointe Homes by 14.0% during the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock valued at $70,579,000 after purchasing an additional 238,807 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TPH shares. Royal Bank of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Oppenheimer cut their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wedbush upgraded shares of Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their price target for the company from $38.00 to $43.00 in a report on Monday. Finally, Evercore ISI decreased their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tri Pointe Homes currently has an average rating of "Moderate Buy" and a consensus price target of $41.60.

Tri Pointe Homes Stock Performance

Shares of TPH stock traded down $0.21 during trading hours on Tuesday, reaching $30.10. 873,847 shares of the company's stock were exchanged, compared to its average volume of 872,567. The business has a fifty day moving average price of $31.10 and a 200-day moving average price of $36.41. The stock has a market capitalization of $2.76 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.67 and a beta of 1.44. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The business had revenue of $720.79 million during the quarter, compared to analyst estimates of $713.65 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm's revenue for the quarter was down 21.5% on a year-over-year basis. Analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

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.