Qsemble Capital Management LP Takes Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Qsemble Capital Management LP bought a new stake in Tri Pointe Homes, Inc. (NYSE:TPH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 41,100 shares of the construction company’s stock, valued at approximately $1,531,000.

Other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in Tri Pointe Homes during the fourth quarter worth about $3,135,000. BNP Paribas Financial Markets increased its holdings in Tri Pointe Homes by 132.8% during the first quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock worth $4,730,000 after buying an additional 69,789 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in Tri Pointe Homes during the first quarter worth about $834,000. State Board of Administration of Florida Retirement System increased its holdings in Tri Pointe Homes by 64.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company’s stock worth $3,219,000 after buying an additional 32,717 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Tri Pointe Homes by 3,110.4% during the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock worth $4,012,000 after buying an additional 104,355 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $42.95 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.02 billion, a PE ratio of 11.45, a P/E/G ratio of 0.69 and a beta of 1.59. Tri Pointe Homes, Inc. has a twelve month low of $24.18 and a twelve month high of $47.78. The company has a 50-day moving average price of $42.70 and a two-hundred day moving average price of $39.00.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, July 25th. The construction company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 38.3% on a year-over-year basis. Equities analysts forecast that Tri Pointe Homes, Inc. will post 4.68 EPS for the current year.

Insider Activity

In other news, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the transaction, the chief financial officer now directly owns 149,108 shares in the company, valued at $6,882,825.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

TPH has been the subject of a number of research analyst reports. Oppenheimer raised their price objective on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada raised their price objective on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wedbush reiterated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Finally, Evercore ISI upgraded shares of Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $48.00.

About Tri Pointe Homes

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.