Louisiana State Employees Retirement System Takes $1.72 Million Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Louisiana State Employees Retirement System bought a new stake in Tri Pointe Homes, Inc. (NYSE:TPH) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 48,600 shares of the construction company’s stock, valued at approximately $1,720,000. Louisiana State Employees Retirement System owned approximately 0.05% of Tri Pointe Homes as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Tri Pointe Homes by 2.8% in the first quarter. Vanguard Group Inc. now owns 12,230,217 shares of the construction company’s stock valued at $245,584,000 after buying an additional 329,990 shares during the last quarter. State Street Corp raised its holdings in shares of Tri Pointe Homes by 0.4% in the second quarter. State Street Corp now owns 4,796,047 shares of the construction company’s stock valued at $80,909,000 after buying an additional 16,907 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Tri Pointe Homes by 63.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock valued at $138,539,000 after buying an additional 1,524,401 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tri Pointe Homes by 4.5% in the first quarter. Geode Capital Management LLC now owns 1,920,811 shares of the construction company’s stock valued at $48,635,000 after buying an additional 82,322 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Tri Pointe Homes by 1,387.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,906,274 shares of the construction company’s stock valued at $48,267,000 after buying an additional 1,778,149 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $34.93 on Friday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 10.12, a PEG ratio of 0.73 and a beta of 1.54. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $39.08. The business has a 50-day moving average of $35.66 and a 200-day moving average of $32.58. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.46.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.24. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The company’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 EPS. On average, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.65 EPS for the current year.

Insider Transactions at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 51,533 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TPH has been the subject of several recent research reports. Wedbush reissued a “neutral” rating and set a $32.00 price objective on shares of Tri Pointe Homes in a report on Tuesday, February 20th. Oppenheimer reissued an “outperform” rating and set a $41.00 price objective (up from $36.00) on shares of Tri Pointe Homes in a report on Wednesday, February 21st. Finally, Royal Bank of Canada raised Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.20.

Tri Pointe Homes Company 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.