Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 30.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,839 shares of the construction company’s stock after purchasing an additional 3,653 shares during the quarter. Atria Investments Inc’s holdings in Tri Pointe Homes were worth $718,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC increased its position in shares of Tri Pointe Homes by 24.9% in the third quarter. Innealta Capital LLC now owns 4,905 shares of the construction company’s stock valued at $222,000 after buying an additional 978 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Tri Pointe Homes during the 3rd quarter valued at about $45,000. Burr Financial Services LLC raised its position in Tri Pointe Homes by 73.9% during the third quarter. Burr Financial Services LLC now owns 20,170 shares of the construction company’s stock worth $914,000 after acquiring an additional 8,570 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Tri Pointe Homes by 9.4% in the third quarter. First Trust Direct Indexing L.P. now owns 6,266 shares of the construction company’s stock valued at $284,000 after purchasing an additional 541 shares in the last quarter. Finally, Cavalier Investments LLC grew its position in shares of Tri Pointe Homes by 6.5% in the third quarter. Cavalier Investments LLC now owns 20,344 shares of the construction company’s stock valued at $922,000 after purchasing an additional 1,242 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Down 0.6 %

NYSE TPH opened at $41.56 on Tuesday. The company has a 50-day moving average of $43.33 and a 200-day moving average of $41.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. Tri Pointe Homes, Inc. has a 12 month low of $28.74 and a 12 month high of $47.78. The company has a market cap of $3.89 billion, a P/E ratio of 8.67, a P/E/G ratio of 0.68 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. As a group, equities analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

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.