Tri Pointe Homes, Inc. (NYSE:TPH) Stake Lowered by Edgestream Partners L.P.

Edgestream Partners L.P. cut its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 58.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,850 shares of the construction company’s stock after selling 50,896 shares during the quarter. Edgestream Partners L.P.’s holdings in Tri Pointe Homes were worth $1,425,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Planned Solutions Inc. acquired a new position in shares of Tri Pointe Homes during the fourth quarter worth approximately $113,000. Blue Trust Inc. boosted its stake in shares of Tri Pointe Homes by 73.8% during the 4th quarter. Blue Trust Inc. now owns 1,766 shares of the construction company’s stock worth $63,000 after acquiring an additional 750 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of Tri Pointe Homes in the 4th quarter valued at $326,000. Nisa Investment Advisors LLC grew its holdings in shares of Tri Pointe Homes by 105.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock worth $48,000 after purchasing an additional 700 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Tri Pointe Homes during the 4th quarter worth about $392,000. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 56,567 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the completion of the transaction, the chief executive officer now directly owns 677,816 shares of the company’s stock, valued at $26,963,520.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Tri Pointe Homes Trading Up 0.7 %

NYSE:TPH traded up $0.32 on Tuesday, reaching $45.94. The company’s stock had a trading volume of 47,710 shares, compared to its average volume of 952,689. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $46.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $4.36 billion, a PE ratio of 12.16, a PEG ratio of 0.77 and a beta of 1.59. The business’s 50-day moving average price is $38.68 and its two-hundred day moving average price is $36.83.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34. The firm 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 company’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 earnings per share. Equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wedbush restated a “neutral” rating and set a $35.00 price target on shares of Tri Pointe Homes in a research report on Thursday, April 25th. Oppenheimer increased their price objective on Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.25.

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.