Pacer Advisors Inc. Has $17.17 Million Stock Holdings in Tri Pointe Homes Inc. $TPH

Pacer Advisors Inc. lowered its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 44.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 505,301 shares of the construction company’s stock after selling 406,326 shares during the quarter. Pacer Advisors Inc.’s holdings in Tri Pointe Homes were worth $17,165,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TPH. Harbor Capital Advisors Inc. lifted its holdings in shares of Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after buying an additional 345 shares during the last quarter. GAMMA Investing LLC raised its stake in Tri Pointe Homes by 19.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company’s stock valued at $76,000 after purchasing an additional 389 shares during the last quarter. Blue Trust Inc. boosted its holdings in Tri Pointe Homes by 16.6% in the 2nd quarter. Blue Trust Inc. now owns 2,982 shares of the construction company’s stock valued at $95,000 after purchasing an additional 424 shares during the period. Atria Investments Inc boosted its holdings in Tri Pointe Homes by 2.1% in the 2nd quarter. Atria Investments Inc now owns 20,685 shares of the construction company’s stock valued at $661,000 after purchasing an additional 427 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Tri Pointe Homes by 5.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,772 shares of the construction company’s stock worth $312,000 after purchasing an additional 500 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Price Performance

NYSE:TPH opened at $32.22 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The company has a 50-day moving average of $32.55 and a 200-day moving average of $33.09. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $38.96. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.84 and a beta of 1.33.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.20. The firm 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 quarter in the prior year, the business posted $1.18 earnings per share. As a group, equities research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.