Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Comerica Bank

Comerica Bank grew its position in Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,060 shares of the construction company’s stock after acquiring an additional 630 shares during the quarter. Comerica Bank’s holdings in Tri Pointe Homes were worth $1,907,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TPH. JPMorgan Chase & Co. lifted its holdings in shares of Tri Pointe Homes by 66.0% during the fourth quarter. JPMorgan Chase & Co. now owns 9,540,159 shares of the construction company’s stock worth $266,076,000 after purchasing an additional 3,794,469 shares during the period. Invesco Ltd. lifted its holdings in shares of Tri Pointe Homes by 22.8% during the fourth quarter. Invesco Ltd. now owns 2,081,466 shares of the construction company’s stock worth $58,052,000 after purchasing an additional 385,977 shares during the period. State Street Corp raised its position in Tri Pointe Homes by 7.5% in the fourth quarter. State Street Corp now owns 4,916,381 shares of the construction company’s stock worth $137,118,000 after acquiring an additional 341,898 shares in the last quarter. Renaissance Technologies LLC raised its position in Tri Pointe Homes by 157.3% in the fourth quarter. Renaissance Technologies LLC now owns 510,336 shares of the construction company’s stock worth $14,233,000 after acquiring an additional 312,000 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Tri Pointe Homes by 61.8% in the fourth quarter. American Century Companies Inc. now owns 689,075 shares of the construction company’s stock worth $19,218,000 after acquiring an additional 263,126 shares in the last quarter. 98.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TPH has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Tri Pointe Homes from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, June 17th. StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Saturday, June 18th. Finally, B. Riley cut Tri Pointe Homes from a “buy” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $20.00 in a research report on Thursday, June 16th.

Tri Pointe Homes Stock Down 0.1 %

TPH opened at $19.26 on Monday. The business’s fifty day simple moving average is $18.92 and its 200 day simple moving average is $20.95. The company has a quick ratio of 0.93, a current ratio of 0.71 and a debt-to-equity ratio of 0.54. Tri Pointe Homes, Inc. has a 52 week low of $15.05 and a 52 week high of $28.28. The firm has a market cap of $1.99 billion, a P/E ratio of 4.15 and a beta of 1.44.

Tri Pointe Homes (NYSE:TPHGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The construction company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.21. Tri Pointe Homes had a return on equity of 20.80% and a net margin of 12.70%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $998.10 million. During the same period last year, the company earned $1.00 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Tri Pointe Homes, Inc. will post 5.27 EPS for the current fiscal year.

About Tri Pointe Homes

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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 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, Virginia, and the District of Columbia.

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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