Grantham Mayo Van Otterloo & Co. LLC Buys 12,361 Shares of Tri Pointe Homes Inc. $TPH

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 19.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,433 shares of the construction company’s stock after acquiring an additional 12,361 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.09% of Tri Pointe Homes worth $2,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in shares of Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after purchasing an additional 345 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares during the last quarter. Pinnacle Holdings LLC bought a new position in Tri Pointe Homes during the 3rd quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC boosted its position in Tri Pointe Homes by 104.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock valued at $69,000 after buying an additional 1,100 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the company’s stock in a transaction 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 transaction, the director owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Tri Pointe Homes Trading Up 0.2%

TPH opened at $46.40 on Wednesday. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $46.62. The stock has a market capitalization of $3.95 billion, a PE ratio of 17.06, a PEG ratio of 1.38 and a beta of 1.33. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $38.55 and a two-hundred day moving average price of $35.12.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $972.63 million for the quarter, compared to analyst estimates of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. Tri Pointe Homes’s quarterly revenue was down 22.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 earnings per share. As a group, equities analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

About Tri Pointe Homes

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.