Rafferty Asset Management LLC Acquires 58,490 Shares of Tri Pointe Homes Inc. $TPH

Rafferty Asset Management LLC lifted its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 79.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,072 shares of the construction company’s stock after purchasing an additional 58,490 shares during the quarter. Rafferty Asset Management LLC’s holdings in Tri Pointe Homes were worth $4,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of TPH. AE Wealth Management LLC increased its position in 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 during the 3rd quarter valued at about $1,398,000. Nomura Holdings Inc. purchased a new stake in shares of Tri Pointe Homes during the 2nd quarter valued at about $6,063,000. HighTower Advisors LLC lifted its stake in shares of Tri Pointe Homes by 11.4% in the 3rd quarter. HighTower Advisors LLC now owns 234,103 shares of the construction company’s stock worth $7,952,000 after purchasing an additional 23,999 shares during the period. Finally, Aristides Capital LLC purchased a new position in shares of Tri Pointe Homes in the second quarter worth approximately $250,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the sale, the director directly owned 30,330 shares in the company, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Tri Pointe Homes Stock Down 0.1%

NYSE TPH opened at $46.39 on Wednesday. Tri Pointe Homes Inc. has a 12 month low of $27.90 and a 12 month high of $46.62. 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 stock has a market cap of $3.92 billion, a PE ratio of 17.06, a P/E/G ratio of 1.38 and a beta of 1.34. The stock’s 50 day moving average is $37.11 and its 200 day moving average is $34.71.

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

Wall Street Analyst Weigh In

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

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.