Axa S.A. Lowers Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Axa S.A. cut its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 91.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,225 shares of the construction company’s stock after selling 103,127 shares during the quarter. Axa S.A.’s holdings in Tri Pointe Homes were worth $371,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TPH. Barclays PLC grew its stake in Tri Pointe Homes by 103.7% in the 3rd quarter. Barclays PLC now owns 209,239 shares of the construction company’s stock valued at $9,480,000 after acquiring an additional 106,543 shares during the period. Franklin Resources Inc. grew its position in shares of Tri Pointe Homes by 1.4% in the third quarter. Franklin Resources Inc. now owns 712,673 shares of the construction company’s stock valued at $31,971,000 after purchasing an additional 9,542 shares during the period. Elevated Capital Advisors LLC purchased a new stake in shares of Tri Pointe Homes during the fourth quarter worth about $233,000. Park Avenue Securities LLC increased its stake in shares of Tri Pointe Homes by 7.4% during the fourth quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company’s stock worth $232,000 after purchasing an additional 444 shares in the last quarter. Finally, Burney Co. raised its position in shares of Tri Pointe Homes by 61.1% during the 4th quarter. Burney Co. now owns 64,217 shares of the construction company’s stock worth $2,329,000 after purchasing an additional 24,358 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tri Pointe Homes

In related news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the transaction, the chief executive officer now owns 627,833 shares of the company’s stock, valued at approximately $18,929,164.95. This trade represents a 16.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Seaport Res Ptn upgraded Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Oppenheimer dropped their price target on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Evercore ISI decreased their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Wedbush upgraded shares of Tri Pointe Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $38.00 to $43.00 in a research report on Monday, April 28th. Finally, Royal Bank of Canada lowered shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

Tri Pointe Homes Trading Down 1.0 %

Shares of Tri Pointe Homes stock opened at $31.45 on Friday. The stock has a 50 day moving average of $31.03 and a 200 day moving average of $35.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.67 and a beta of 1.34. Tri Pointe Homes, Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.25. The business had revenue of $720.79 million during the quarter, compared to analysts’ expectations of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The company’s revenue was down 21.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. As a group, research analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

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.