Jacobs Levy Equity Management Inc. Reduces Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Jacobs Levy Equity Management Inc. decreased its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,183,909 shares of the construction company’s stock after selling 35,800 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.26% of Tri Pointe Homes worth $53,643,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in Tri Pointe Homes by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 39,376 shares of the construction company’s stock worth $1,785,000 after acquiring an additional 760 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Tri Pointe Homes by 16.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 205,482 shares of the construction company’s stock worth $9,310,000 after purchasing an additional 28,910 shares during the last quarter. Centiva Capital LP grew its stake in Tri Pointe Homes by 60.7% in the third quarter. Centiva Capital LP now owns 16,480 shares of the construction company’s stock worth $747,000 after purchasing an additional 6,225 shares in the last quarter. Paloma Partners Management Co raised its stake in Tri Pointe Homes by 119.1% during the third quarter. Paloma Partners Management Co now owns 15,772 shares of the construction company’s stock valued at $715,000 after buying an additional 8,572 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in Tri Pointe Homes by 117.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,488 shares of the construction company’s stock worth $475,000 after buying an additional 5,656 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TPH shares. Wedbush reiterated a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, October 24th. Oppenheimer reduced their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada cut their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes presently has a consensus rating of “Moderate Buy” and an average price target of $45.75.

Tri Pointe Homes Stock Down 0.4 %

Tri Pointe Homes stock opened at $43.33 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a one year low of $29.83 and a one year high of $47.78. The company has a 50-day simple moving average of $43.07 and a 200-day simple moving average of $41.75. The firm has a market capitalization of $4.06 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.71 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. Tri Pointe Homes’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, equities analysts expect that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Tri Pointe Homes Company 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.