Barclays PLC Has $9.48 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Barclays PLC raised its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 103.7% in the third quarter, Holdings Channel reports. The firm owned 209,239 shares of the construction company’s stock after acquiring an additional 106,543 shares during the quarter. Barclays PLC’s holdings in Tri Pointe Homes were worth $9,480,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Tri Pointe Homes by 260.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock worth $64,216,000 after buying an additional 1,024,425 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Tri Pointe Homes by 11.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company’s stock valued at $52,816,000 after acquiring an additional 115,099 shares during the period. Millennium Management LLC increased its stake in shares of Tri Pointe Homes by 14.1% during the 2nd quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock worth $34,475,000 after purchasing an additional 114,244 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Tri Pointe Homes by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company’s stock valued at $34,135,000 after purchasing an additional 31,041 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Tri Pointe Homes by 0.8% in the 3rd quarter. Fisher Asset Management LLC now owns 725,537 shares of the construction company’s stock valued at $32,874,000 after purchasing an additional 6,079 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

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

Tri Pointe Homes Price Performance

Shares of NYSE TPH opened at $38.17 on Wednesday. The firm has a market cap of $3.57 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60. The business’s 50 day moving average is $42.29 and its 200-day moving average is $41.90. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 1-year low of $32.79 and a 1-year high of $47.78.

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

Insider Buying and Selling

In related news, COO Thomas J. Mitchell sold 77,384 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the completion of the sale, the chief operating officer now directly owns 708,159 shares in the company, valued at approximately $27,724,424.85. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

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.