Dimensional Fund Advisors LP Reduces Position in Tri Pointe Homes Inc. $TPH

Dimensional Fund Advisors LP decreased its position in Tri Pointe Homes Inc. (NYSE:TPH) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,079,918 shares of the construction company’s stock after selling 140,524 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Tri Pointe Homes worth $206,535,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC raised its stake in shares of Tri Pointe Homes by 17.7% during the third quarter. AE Wealth Management LLC now owns 410,836 shares of the construction company’s stock valued at $13,956,000 after acquiring an additional 61,918 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Tri Pointe Homes in the third quarter worth about $1,398,000. Nomura Holdings Inc. purchased a new position in Tri Pointe Homes during the 2nd quarter valued at about $6,063,000. HighTower Advisors LLC increased its holdings in Tri Pointe Homes by 11.4% during the 3rd quarter. HighTower Advisors LLC now owns 234,103 shares of the construction company’s stock valued at $7,952,000 after purchasing an additional 23,999 shares during the period. Finally, American Century Companies Inc. raised its position in Tri Pointe Homes by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 2,755,767 shares of the construction company’s stock valued at $93,613,000 after purchasing an additional 252,949 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Price Performance

TPH stock opened at $46.37 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $46.62. The firm has a 50-day moving average of $37.97 and a 200 day moving average of $34.95. The company has a market cap of $3.95 billion, a P/E ratio of 17.05, a PEG ratio of 1.38 and a beta of 1.34.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The business had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. During the same period in the previous year, the firm posted $1.37 EPS. The business’s revenue was down 22.5% on a year-over-year basis. On average, sell-side analysts forecast that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Analyst Upgrades and Downgrades

TPH has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Citigroup initiated coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Royal Bank Of Canada upped their target price on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Finally, Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.50.

Insider Activity at Tri Pointe Homes

In related news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the sale, the director directly owned 30,330 shares in the company, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

Tri Pointe Homes Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.