Teacher Retirement System of Texas Buys 27,879 Shares of Tri Pointe Homes Inc. $TPH

Teacher Retirement System of Texas raised its position in Tri Pointe Homes Inc. (NYSE:TPH) by 33.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,482 shares of the construction company’s stock after buying an additional 27,879 shares during the quarter. Teacher Retirement System of Texas owned about 0.13% of Tri Pointe Homes worth $3,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TPH. AQR Capital Management LLC lifted its position in shares of Tri Pointe Homes by 353.2% during the 2nd quarter. AQR Capital Management LLC now owns 687,307 shares of the construction company’s stock worth $21,788,000 after buying an additional 535,640 shares during the last quarter. AE Wealth Management LLC raised its stake in Tri Pointe Homes by 4,456.8% during the second quarter. AE Wealth Management LLC now owns 348,918 shares of the construction company’s stock worth $11,148,000 after acquiring an additional 341,261 shares in the last quarter. Boston Partners raised its stake in Tri Pointe Homes by 60.3% during the second quarter. Boston Partners now owns 820,492 shares of the construction company’s stock worth $26,217,000 after acquiring an additional 308,751 shares in the last quarter. M&G PLC bought a new position in shares of Tri Pointe Homes in the second quarter worth about $9,646,000. Finally, American Century Companies Inc. boosted its stake in shares of Tri Pointe Homes by 13.3% in the 2nd quarter. American Century Companies Inc. now owns 2,502,818 shares of the construction company’s stock valued at $79,965,000 after purchasing an additional 293,652 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $33.29 on Wednesday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.01 and a beta of 1.35. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $38.73. The stock has a fifty day simple moving average of $33.24 and a 200 day simple moving average of $33.35.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TPH shares. Royal Bank Of Canada set a $31.00 price objective on shares of Tri Pointe Homes in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Thursday, October 30th. Evercore ISI reiterated an “in-line” rating and issued a $34.00 price target (down from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. Citizens Jmp started coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective on the stock. Finally, Citigroup began coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.40.

Tri Pointe Homes Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.