Tri Pointe Homes, Inc. (NYSE:TPH) Stock Position Lifted by ProShare Advisors LLC

ProShare Advisors LLC grew its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 44.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,812 shares of the construction company’s stock after buying an additional 8,569 shares during the period. ProShare Advisors LLC’s holdings in Tri Pointe Homes were worth $1,008,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Tri Pointe Homes by 58.5% in the 4th quarter. Covestor Ltd now owns 908 shares of the construction company’s stock worth $33,000 after purchasing an additional 335 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Tri Pointe Homes by 84.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company’s stock worth $49,000 after purchasing an additional 613 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company’s stock worth $75,000 after purchasing an additional 1,831 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other news, CEO Douglas F. Bauer sold 120,287 shares of Tri Pointe Homes stock in a transaction on Monday, April 28th. The stock was sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at approximately $18,929,164.95. This trade represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Tri Pointe Homes Stock Down 1.1%

TPH opened at $29.85 on Friday. Tri Pointe Homes, Inc. has a 12 month low of $27.90 and a 12 month high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The stock has a market cap of $2.71 billion, a P/E ratio of 6.18, a P/E/G ratio of 0.67 and a beta of 1.34. The stock’s 50 day moving average price is $30.92 and its 200 day moving average price is $35.07.

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