Inceptionr LLC Takes $301,000 Position in Tri Pointe Homes Inc. $TPH

Inceptionr LLC purchased a new stake in Tri Pointe Homes Inc. (NYSE:TPH) in the second quarter, HoldingsChannel reports. The fund purchased 9,427 shares of the construction company’s stock, valued at approximately $301,000.

Several other large investors also recently added to or reduced their stakes in TPH. Boston Partners increased its position in shares of Tri Pointe Homes by 60.3% during the 2nd quarter. Boston Partners now owns 820,492 shares of the construction company’s stock valued at $26,217,000 after purchasing an additional 308,751 shares during the last quarter. Summit Global Investments increased its position in Tri Pointe Homes by 21.3% during the second quarter. Summit Global Investments now owns 33,550 shares of the construction company’s stock valued at $1,072,000 after acquiring an additional 5,892 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Tri Pointe Homes by 3.1% in the second quarter. Prudential Financial Inc. now owns 94,465 shares of the construction company’s stock valued at $3,018,000 after acquiring an additional 2,826 shares during the period. American Century Companies Inc. boosted its stake in shares of Tri Pointe Homes by 13.3% during the 2nd quarter. American Century Companies Inc. now owns 2,502,818 shares of the construction company’s stock worth $79,965,000 after purchasing an additional 293,652 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Tri Pointe Homes by 4.2% during the 2nd quarter. Franklin Resources Inc. now owns 764,832 shares of the construction company’s stock valued at $24,436,000 after purchasing an additional 31,094 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TPH shares. Wall Street Zen raised shares of Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Evercore ISI reissued an “in-line” rating and set a $34.00 price target (down from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Tri Pointe Homes currently has an average rating of “Moderate Buy” and an average target price of $39.25.

Tri Pointe Homes Trading Down 0.3%

NYSE:TPH opened at $34.12 on Friday. The firm has a 50-day simple moving average of $32.51 and a 200-day simple moving average of $32.73. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $44.46. The firm has a market cap of $2.93 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Thursday, October 23rd. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.20. The company had revenue of $836.87 million for the quarter, compared to analyst estimates of $782.22 million. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. Tri Pointe Homes’s revenue was down 26.6% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. Equities analysts anticipate that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

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.