Raymond James & Associates Has $9.45 Million Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Raymond James & Associates increased its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 19.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 208,566 shares of the construction company’s stock after acquiring an additional 33,629 shares during the period. Raymond James & Associates owned 0.22% of Tri Pointe Homes worth $9,450,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in shares of Tri Pointe Homes by 132.8% in the first quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock valued at $4,730,000 after purchasing an additional 69,789 shares during the period. UniSuper Management Pty Ltd acquired a new position in Tri Pointe Homes during the 1st quarter worth $834,000. State Board of Administration of Florida Retirement System boosted its holdings 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 valued at $3,219,000 after acquiring an additional 32,717 shares during the period. SG Americas Securities LLC grew its position in shares of 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 valued at $4,012,000 after purchasing an additional 104,355 shares during the last quarter. Finally, Forge First Asset Management Inc. acquired a new position in shares of Tri Pointe Homes during the 1st quarter worth about $3,156,000. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock opened at $40.81 on Wednesday. Tri Pointe Homes, Inc. has a twelve month low of $24.46 and a twelve month high of $47.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $3.82 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 0.66 and a beta of 1.59. The firm’s 50-day simple moving average is $43.94 and its 200-day simple moving average is $40.96.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company’s revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. As a group, research analysts expect that Tri Pointe Homes, Inc. will post 4.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

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.