Martingale Asset Management L P Has $1.01 Million Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Martingale Asset Management L P lifted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,594 shares of the construction company’s stock after buying an additional 1,302 shares during the quarter. Martingale Asset Management L P owned about 0.06% of Tri Pointe Homes worth $1,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Captrust Financial Advisors grew its position in shares of Tri Pointe Homes by 30.4% during the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock worth $46,000 after buying an additional 531 shares during the period. Crossmark Global Holdings Inc. grew its position in Tri Pointe Homes by 5.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 11,120 shares of the construction company’s stock valued at $223,000 after purchasing an additional 620 shares during the period. Comerica Bank grew its position in Tri Pointe Homes by 0.7% in the 1st quarter. Comerica Bank now owns 90,060 shares of the construction company’s stock valued at $1,907,000 after purchasing an additional 630 shares during the period. Federated Hermes Inc. grew its position in Tri Pointe Homes by 2.5% in the 1st quarter. Federated Hermes Inc. now owns 28,674 shares of the construction company’s stock valued at $576,000 after purchasing an additional 698 shares during the period. Finally, Signaturefd LLC grew its position in Tri Pointe Homes by 77.7% in the 1st quarter. Signaturefd LLC now owns 1,928 shares of the construction company’s stock valued at $39,000 after purchasing an additional 843 shares during the period. Institutional investors and hedge funds own 99.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TPH. B. Riley reduced their price target on shares of Tri Pointe Homes from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, October 18th. StockNews.com began coverage on shares of Tri Pointe Homes in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, TheStreet downgraded shares of Tri Pointe Homes from a “b-” rating to a “c+” rating in a research report on Monday, September 26th.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $17.68 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $16.33 and its two-hundred day simple moving average is $17.84. Tri Pointe Homes, Inc. has a 1-year low of $14.59 and a 1-year high of $28.28. The stock has a market cap of $1.78 billion, a PE ratio of 3.59 and a beta of 1.40.

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.

Further Reading

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

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