Tri Pointe Homes Inc. $TPH is O Keefe Stevens Advisory Inc.’s 9th Largest Position

O Keefe Stevens Advisory Inc. grew its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 58.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 433,698 shares of the construction company’s stock after acquiring an additional 160,349 shares during the quarter. Tri Pointe Homes accounts for 4.0% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 9th biggest holding. O Keefe Stevens Advisory Inc.’s holdings in Tri Pointe Homes were worth $14,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of TPH. Hantz Financial Services Inc. boosted its stake in Tri Pointe Homes by 2,659.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock worth $61,000 after purchasing an additional 1,835 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Tri Pointe Homes by 56.5% in the first quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock worth $67,000 after buying an additional 757 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Tri Pointe Homes by 104.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after buying an additional 1,100 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Tri Pointe Homes by 19.6% in the second quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company’s stock worth $76,000 after buying an additional 389 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Tri Pointe Homes by 16.6% during the second quarter. Blue Trust Inc. now owns 2,982 shares of the construction company’s stock valued at $95,000 after buying an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TPH shares. Evercore ISI reaffirmed an “in-line” rating and issued a $34.00 price objective (down from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Thursday, October 30th. Finally, Wall Street Zen raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.25.

Tri Pointe Homes Stock Down 0.4%

Shares of Tri Pointe Homes stock opened at $31.94 on Tuesday. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $38.96. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $32.55 and its 200 day moving average is $33.07. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. The business had revenue of $836.87 million during the quarter, compared to analyst estimates of $782.22 million. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The company’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.