Vanguard Group Inc. Has $436.69 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Vanguard Group Inc. lowered its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,335,885 shares of the construction company’s stock after selling 512,650 shares during the period. Vanguard Group Inc. owned about 12.93% of Tri Pointe Homes worth $436,690,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TPH. Daiwa Securities Group Inc. acquired a new stake in shares of Tri Pointe Homes during the fourth quarter valued at about $35,000. Evermay Wealth Management LLC bought a new stake in shares of Tri Pointe Homes in the 4th quarter valued at about $35,000. GAMMA Investing LLC acquired a new stake in shares of Tri Pointe Homes in the fourth quarter valued at about $41,000. Assetmark Inc. raised its position in shares of Tri Pointe Homes by 29,825.0% during the fourth quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock worth $42,000 after acquiring an additional 1,193 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Tri Pointe Homes by 105.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock worth $48,000 after acquiring an additional 700 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Stock Down 0.5 %

Shares of NYSE TPH opened at $36.67 on Thursday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.48 billion, a PE ratio of 9.78, a P/E/G ratio of 0.63 and a beta of 1.55. The company’s fifty day simple moving average is $37.95 and its 200 day simple moving average is $36.13. Tri Pointe Homes, Inc. has a 12-month low of $24.18 and a 12-month high of $40.98.

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

Insider Buying and Selling at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 56,567 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the transaction, the chief executive officer now directly owns 677,816 shares of the company’s stock, valued at $26,963,520.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

TPH has been the subject of several analyst reports. StockNews.com upgraded shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Wedbush restated a “neutral” rating and issued a $35.00 target price on shares of Tri Pointe Homes in a report on Thursday, April 25th. Royal Bank of Canada increased their price target on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Oppenheimer boosted their price objective on Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Tri Pointe Homes 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.