Man Group plc Boosts Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Man Group plc grew its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 452,857 shares of the construction company’s stock after acquiring an additional 115,986 shares during the quarter. Man Group plc owned 0.48% of Tri Pointe Homes worth $16,421,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Nuveen Asset Management LLC raised its stake in shares of Tri Pointe Homes by 3.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,736,288 shares of the construction company’s stock worth $62,958,000 after acquiring an additional 49,916 shares in the last quarter. Numerai GP LLC increased its stake in shares of Tri Pointe Homes by 5.0% in the fourth quarter. Numerai GP LLC now owns 15,262 shares of the construction company’s stock worth $553,000 after buying an additional 723 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Tri Pointe Homes by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,481 shares of the construction company’s stock worth $1,903,000 after buying an additional 2,011 shares during the period. Lazard Asset Management LLC increased its stake in shares of Tri Pointe Homes by 68.5% in the fourth quarter. Lazard Asset Management LLC now owns 87,846 shares of the construction company’s stock worth $3,184,000 after buying an additional 35,725 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Tri Pointe Homes by 7.6% in the fourth quarter. Janus Henderson Group PLC now owns 42,376 shares of the construction company’s stock worth $1,536,000 after buying an additional 3,000 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Douglas F. Bauer sold 120,287 shares of the business’s stock in a transaction on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the sale, the chief executive officer now owns 627,833 shares in the company, valued at approximately $18,929,164.95. The trade was a 16.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TPH shares. Oppenheimer decreased their target price on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Wedbush raised shares of Tri Pointe Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $38.00 to $43.00 in a research note on Monday, April 28th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Evercore ISI cut their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tri Pointe Homes currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $31.96 on Friday. The stock has a market cap of $2.90 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The firm’s fifty day simple moving average is $30.98 and its 200 day simple moving average is $35.30. Tri Pointe Homes, Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.25. The business had revenue of $720.79 million for the quarter, compared to analysts’ expectations of $713.65 million. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. As a group, research analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS 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.