Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Bailard Inc.

Bailard Inc. lowered its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,033 shares of the construction company’s stock after selling 3,400 shares during the quarter. Bailard Inc.’s holdings in Tri Pointe Homes were worth $709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TPH. Pacer Advisors Inc. increased its stake in shares of Tri Pointe Homes by 63.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock valued at $138,539,000 after acquiring an additional 1,524,401 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Tri Pointe Homes by 21.7% during the 3rd quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company’s stock valued at $46,040,000 after acquiring an additional 300,383 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Tri Pointe Homes by 44.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 800,710 shares of the construction company’s stock valued at $21,899,000 after acquiring an additional 246,648 shares during the last quarter. Richard Bernstein Advisors LLC acquired a new position in shares of Tri Pointe Homes during the 3rd quarter valued at about $4,886,000. Finally, Assenagon Asset Management S.A. increased its position in Tri Pointe Homes by 26.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 727,045 shares of the construction company’s stock worth $19,885,000 after purchasing an additional 153,994 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

TPH has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday. Oppenheimer increased their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wedbush reissued a “neutral” rating and set a $35.00 target price on shares of Tri Pointe Homes in a research report on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average target price of $40.60.

Tri Pointe Homes Stock Up 2.9 %

Shares of NYSE:TPH opened at $37.87 on Friday. The company has a quick ratio of 2.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. Tri Pointe Homes, Inc. has a 52-week low of $24.18 and a 52-week high of $39.08. The company has a 50 day moving average of $35.79 and a two-hundred day moving average of $32.94. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.77 and a beta of 1.54.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.69 by $0.34. The company had revenue of $918.40 million during the quarter, compared to analysts’ expectations of $867.77 million. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. As a group, analysts forecast that Tri Pointe Homes, Inc. will post 3.65 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

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.