Russell Investments Group Ltd. Cuts Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Russell Investments Group Ltd. reduced its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 29.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,895 shares of the construction company’s stock after selling 112,485 shares during the quarter. Russell Investments Group Ltd. owned 0.28% of Tri Pointe Homes worth $9,767,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Pacer Advisors Inc. boosted its position in Tri Pointe Homes by 63.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock worth $138,539,000 after purchasing an additional 1,524,401 shares during the period. American Century Companies Inc. boosted its position in shares of Tri Pointe Homes by 21.7% in the third quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company’s stock worth $46,040,000 after buying an additional 300,383 shares during the period. Invesco Ltd. grew its stake in shares of Tri Pointe Homes by 15.1% in the third quarter. Invesco Ltd. now owns 1,042,993 shares of the construction company’s stock valued at $28,526,000 after buying an additional 137,175 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Tri Pointe Homes by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 986,507 shares of the construction company’s stock valued at $26,981,000 after buying an additional 3,132 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Tri Pointe Homes by 26.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 727,045 shares of the construction company’s stock worth $19,885,000 after acquiring an additional 153,994 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Trading Up 1.5 %

TPH opened at $39.57 on Tuesday. Tri Pointe Homes, Inc. has a 12-month low of $24.18 and a 12-month high of $40.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $3.75 billion, a PE ratio of 10.55, a P/E/G ratio of 0.67 and a beta of 1.54. The firm’s fifty day moving average price is $36.15 and its 200 day moving average price is $33.53.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The company had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. During the same quarter in the previous year, the firm earned $0.73 EPS. The company’s revenue was up 19.5% on a year-over-year basis. As a group, research analysts expect that Tri Pointe Homes, Inc. will post 4.49 EPS for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following the completion of the transaction, the chief operating officer now owns 785,543 shares in the company, valued at approximately $27,666,824.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TPH has been the subject of several recent research reports. Oppenheimer increased their price objective on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada boosted their price objective on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Wedbush reissued a “neutral” rating and issued a $35.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

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.