Jacobs Levy Equity Management Inc. Decreases Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Jacobs Levy Equity Management Inc. trimmed its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,182,746 shares of the construction company’s stock after selling 1,163 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Tri Pointe Homes were worth $42,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TPH. Covestor Ltd lifted its holdings in Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company’s stock valued at $33,000 after purchasing an additional 335 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company’s stock worth $49,000 after buying an additional 613 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after buying an additional 300 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Tri Pointe Homes by 729.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company’s stock worth $75,000 after buying an additional 1,831 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Tri Pointe Homes by 562.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company’s stock worth $81,000 after buying an additional 1,900 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction dated 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 sale, the chief executive officer now directly owns 627,833 shares in the company, valued at $18,929,164.95. This trade represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $31.45 on Monday. Tri Pointe Homes, Inc. has a 12-month low of $27.90 and a 12-month high of $47.78. The stock has a market cap of $2.85 billion, a P/E ratio of 6.51, a PEG ratio of 0.67 and a beta of 1.34. The company has a 50-day moving average price of $31.03 and a 200 day moving average price of $35.58. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm had revenue of $720.79 million during the quarter, compared to analysts’ expectations of $713.65 million. During the same period last year, the business earned $1.03 earnings per share. Tri Pointe Homes’s revenue was down 21.5% compared to the same quarter last year. Sell-side analysts anticipate 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.