XTX Topco Ltd bought a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,244 shares of the construction company's stock, valued at approximately $645,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its holdings in shares of Tri Pointe Homes by 4.4% in the 3rd quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company's stock valued at $280,000 after buying an additional 258 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Tri Pointe Homes by 0.3% in the 3rd quarter. Empowered Funds LLC now owns 99,346 shares of the construction company's stock valued at $4,501,000 after buying an additional 265 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock valued at $69,000 after buying an additional 427 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Tri Pointe Homes by 7.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 7,863 shares of the construction company's stock valued at $293,000 after buying an additional 519 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of Tri Pointe Homes by 4.2% in the 2nd quarter. Diversified Trust Co now owns 13,308 shares of the construction company's stock valued at $496,000 after buying an additional 536 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently commented on TPH. Wedbush reiterated 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 lowered their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating for the company in a research note 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 target price for the company in a research note on Tuesday, September 17th. Finally, Oppenheimer reduced their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. 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. According to MarketBeat.com, Tri Pointe Homes has a consensus rating of "Moderate Buy" and a consensus price target of $45.75.
Check Out Our Latest Stock Report on TPH
Tri Pointe Homes Stock Performance
Shares of NYSE:TPH traded down $1.05 during trading on Friday, hitting $39.03. 599,933 shares of the stock traded hands, compared to its average volume of 877,913. 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 company has a market cap of $3.65 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 0.66 and a beta of 1.60. The company has a fifty day moving average price of $42.59 and a two-hundred day moving average price of $41.83. Tri Pointe Homes, Inc. has a 52-week low of $32.63 and a 52-week high of $47.78.
Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter last year, the company earned $0.76 EPS. The firm's revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, equities analysts predict that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.
Tri Pointe Homes Profile
(
Free Report)
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.
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