Quantbot Technologies LP Buys 124,998 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Quantbot Technologies LP boosted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 562.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,238 shares of the construction company’s stock after purchasing an additional 124,998 shares during the period. Quantbot Technologies LP’s holdings in Tri Pointe Homes were worth $6,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Tri Pointe Homes during the 3rd quarter valued at $184,000. Dynamic Technology Lab Private Ltd increased its position in Tri Pointe Homes by 87.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 34,061 shares of the construction company’s stock valued at $1,543,000 after acquiring an additional 15,936 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Tri Pointe Homes by 0.8% in the third quarter. Fisher Asset Management LLC now owns 725,537 shares of the construction company’s stock valued at $32,874,000 after acquiring an additional 6,079 shares during the period. Daiwa Securities Group Inc. boosted its position in Tri Pointe Homes by 77.8% in the third quarter. Daiwa Securities Group Inc. now owns 12,800 shares of the construction company’s stock worth $580,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Tri Pointe Homes by 113.9% during the 3rd quarter. Cerity Partners LLC now owns 63,847 shares of the construction company’s stock valued at $2,893,000 after purchasing an additional 33,992 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Tri Pointe Homes Price Performance

NYSE TPH opened at $44.62 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 12 month low of $28.74 and a 12 month high of $47.78. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.69 and a beta of 1.60. The company’s 50 day moving average is $43.26 and its two-hundred day moving average is $41.59.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.76 EPS. The company’s revenue was up 34.9% on a year-over-year basis. As a group, research analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada decreased their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research report on Tuesday, September 17th. Finally, Oppenheimer decreased their target price on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.75.

Tri Pointe Homes Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.