Natixis Advisors LLC Grows Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Natixis Advisors LLC increased its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 33.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,077 shares of the construction company’s stock after buying an additional 14,337 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Tri Pointe Homes worth $2,586,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TPH. Gradient Investments LLC acquired a new stake in Tri Pointe Homes during the 2nd quarter valued at $30,000. Reston Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes during the third quarter valued at about $45,000. GAMMA Investing LLC increased its position in shares of Tri Pointe Homes by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after acquiring an additional 588 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Tri Pointe Homes by 31.7% in the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after acquiring an additional 427 shares in the last quarter. Finally, CWM LLC boosted its holdings in Tri Pointe Homes by 70.8% in the second quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after purchasing an additional 920 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, 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 at this link. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TPH. Zelman & Associates upgraded 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 research note on Tuesday, September 17th. Oppenheimer dropped 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 report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two investment 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 data from MarketBeat, Tri Pointe Homes currently has a consensus rating of “Moderate Buy” and an average target price of $45.75.

Tri Pointe Homes Stock Performance

TPH opened at $42.62 on Monday. The business has a 50 day moving average price of $43.26 and a two-hundred day moving average price of $41.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. Tri Pointe Homes, Inc. has a 1-year low of $28.74 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Research analysts predict that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

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.