Tri Pointe Homes, Inc. (NYSE:TPH) Stock Position Lifted by Atria Investments Inc

Atria Investments Inc lifted its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 30.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 15,839 shares of the construction company’s stock after acquiring an additional 3,653 shares during the period. Atria Investments Inc’s holdings in Tri Pointe Homes were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Raymond James & Associates boosted its holdings in Tri Pointe Homes by 19.2% in the third quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock worth $9,450,000 after purchasing an additional 33,629 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of Tri Pointe Homes during the 1st quarter valued at about $834,000. State Board of Administration of Florida Retirement System raised its stake in Tri Pointe Homes by 64.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company’s stock worth $3,219,000 after acquiring an additional 32,717 shares during the period. SG Americas Securities LLC lifted its holdings in Tri Pointe Homes by 3,110.4% in the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock worth $4,012,000 after acquiring an additional 104,355 shares during the last quarter. Finally, Bamco Inc. NY acquired a new position in Tri Pointe Homes in the first quarter valued at approximately $3,295,000. 97.01% of the stock is currently owned by institutional investors.

Insider Activity at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the completion of the transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Tri Pointe Homes Trading Down 0.6 %

NYSE:TPH opened at $41.56 on Tuesday. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.68 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a 1 year low of $28.74 and a 1 year high of $47.78. The business has a fifty day moving average of $43.33 and a 200-day moving average of $41.46.

Tri Pointe Homes (NYSE:TPH) last announced its 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. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. Tri Pointe Homes’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Equities analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TPH shares. Royal Bank of Canada dropped their price target on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a report on Tuesday, September 17th. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, October 24th. Finally, Oppenheimer reduced their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research note 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, the company currently has an average rating of “Moderate Buy” and an average target price of $45.75.

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.