Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lessened its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 51.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,720 shares of the construction company’s stock after selling 125,638 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Tri Pointe Homes were worth $4,305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPH. Oxford Asset Management LLP bought a new stake in Tri Pointe Homes in the fourth quarter worth about $379,000. Hancock Whitney Corp grew its stake in shares of Tri Pointe Homes by 8.3% in the 4th quarter. Hancock Whitney Corp now owns 5,779 shares of the construction company’s stock worth $210,000 after purchasing an additional 442 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Tri Pointe Homes by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 88,800 shares of the construction company’s stock worth $3,220,000 after purchasing an additional 9,351 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in Tri Pointe Homes by 30.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 52,039 shares of the construction company’s stock valued at $1,887,000 after purchasing an additional 12,075 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Tri Pointe Homes by 67.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,578 shares of the construction company’s stock worth $130,000 after buying an additional 1,445 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the sale, the chief executive officer now directly owns 627,833 shares in the company, valued at approximately $18,929,164.95. This trade represents a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $30.93 on Friday. The stock’s fifty day simple moving average is $31.06 and its 200-day simple moving average is $36.24. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 6.40, a P/E/G ratio of 0.67 and a beta of 1.44. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 1-year low of $27.90 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue was down 21.5% compared to the same quarter last year. On average, sell-side analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Seaport Res Ptn raised Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI cut their target price on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada lowered Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Wedbush raised Tri Pointe Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $38.00 to $43.00 in a research note on Monday. Finally, Oppenheimer reduced their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.60.

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.