Rafferty Asset Management LLC Increases Stock Holdings in Tri Pointe Homes Inc. $TPH

Rafferty Asset Management LLC boosted its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 79.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,072 shares of the construction company’s stock after acquiring an additional 58,490 shares during the period. Rafferty Asset Management LLC owned 0.15% of Tri Pointe Homes worth $4,486,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in shares of Tri Pointe Homes by 45.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after purchasing an additional 345 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Tri Pointe Homes by 306.8% in the third quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after buying an additional 1,043 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 33.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after buying an additional 401 shares during the period. Hantz Financial Services Inc. boosted its position in Tri Pointe Homes by 2,659.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock valued at $61,000 after acquiring an additional 1,835 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Tri Pointe Homes by 104.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,100 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TPH has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Citizens Jmp started coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective for the company. Royal Bank Of Canada raised their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Oppenheimer downgraded shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Finally, Citigroup began coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.50.

Insider Activity

In other news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the sale, the director owned 30,330 shares in the company, valued at $1,405,188.90. This represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Tri Pointe Homes Trading Down 0.1%

NYSE TPH opened at $46.39 on Wednesday. Tri Pointe Homes Inc. has a 12 month low of $27.90 and a 12 month high of $46.62. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average price is $37.11 and its 200-day moving average price is $34.71. The stock has a market cap of $3.92 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.38 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The company had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. During the same quarter in the previous year, the business posted $1.37 EPS. Tri Pointe Homes’s revenue was down 22.5% compared to the same quarter last year. As a group, equities analysts forecast that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

About Tri Pointe Homes

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.