Tri Pointe Homes Inc. $TPH Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 271,808 shares of the construction company’s stock after selling 10,864 shares during the quarter. Rhumbline Advisers’ holdings in Tri Pointe Homes were worth $9,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TPH. AE Wealth Management LLC increased its holdings in Tri Pointe Homes by 17.7% during the 3rd quarter. AE Wealth Management LLC now owns 410,836 shares of the construction company’s stock worth $13,956,000 after purchasing an additional 61,918 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Tri Pointe Homes during the 3rd quarter valued at approximately $1,398,000. Nomura Holdings Inc. acquired a new stake in shares of Tri Pointe Homes during the second quarter worth approximately $6,063,000. Aristides Capital LLC bought a new stake in shares of Tri Pointe Homes in the second quarter worth $250,000. Finally, Voya Investment Management LLC raised its holdings in Tri Pointe Homes by 24.0% in the third quarter. Voya Investment Management LLC now owns 316,987 shares of the construction company’s stock valued at $10,768,000 after acquiring an additional 61,373 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity

In related news, Director Steven J. Gilbert sold 50,000 shares of the business’s 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 completion of the transaction, the director owned 30,330 shares in the company, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

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

Tri Pointe Homes Stock Performance

Shares of NYSE TPH opened at $46.31 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $34.09. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $46.47. The stock has a market capitalization of $3.98 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.38 and a beta of 1.39.

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.