LSV Asset Management Sells 69,500 Shares of Tri Pointe Homes Inc. $TPH

LSV Asset Management lowered its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,644,702 shares of the construction company’s stock after selling 69,500 shares during the quarter. LSV Asset Management owned approximately 1.91% of Tri Pointe Homes worth $55,871,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Harbor Capital Advisors Inc. increased its holdings in Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after buying an additional 345 shares during the period. Farther Finance Advisors LLC boosted its position in 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 valued at $47,000 after acquiring an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after acquiring an additional 401 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Tri Pointe Homes by 2,659.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock valued at $61,000 after acquiring an additional 1,835 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Tri Pointe Homes by 104.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Trading Down 1.1%

Tri Pointe Homes stock opened at $36.52 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market cap of $3.14 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. The stock has a 50-day moving average of $33.64 and a two-hundred day moving average of $33.48. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $37.86.

Wall Street Analyst Weigh In

TPH has been the topic of a number of recent research reports. Royal Bank Of Canada set a $31.00 price objective on Tri Pointe Homes in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective on the stock. Finally, Citigroup assumed coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.40.

Tri Pointe Homes Company 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.