Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 25.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,007 shares of the construction company’s stock after purchasing an additional 4,796 shares during the quarter. Natixis Advisors L.P.’s holdings in Tri Pointe Homes were worth $608,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TPH. Point72 Hong Kong Ltd acquired a new stake in shares of Tri Pointe Homes in the first quarter valued at about $45,000. Captrust Financial Advisors lifted its stake in shares of Tri Pointe Homes by 30.4% in the first quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock worth $46,000 after buying an additional 531 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Tri Pointe Homes in the fourth quarter worth about $78,000. Clear Street Markets LLC purchased a new position in shares of Tri Pointe Homes in the fourth quarter worth about $114,000. Finally, State of Wyoming lifted its stake in shares of Tri Pointe Homes by 61.7% in the fourth quarter. State of Wyoming now owns 6,779 shares of the construction company’s stock worth $126,000 after buying an additional 2,586 shares in the last quarter. Institutional investors and hedge funds own 97.59% of the company’s stock.

Insiders Place Their Bets

In other Tri Pointe Homes news, Director Lawrence B. Burrows sold 7,677 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $31.48, for a total transaction of $241,671.96. Following the completion of the transaction, the director now owns 86,891 shares in the company, valued at approximately $2,735,328.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Tri Pointe Homes news, Director Lawrence B. Burrows sold 7,677 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $31.48, for a total transaction of $241,671.96. Following the completion of the transaction, the director now owns 86,891 shares in the company, valued at approximately $2,735,328.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Glenn J. Keeler sold 21,413 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $33.01, for a total transaction of $706,843.13. Following the transaction, the chief financial officer now owns 102,194 shares of the company’s stock, valued at approximately $3,373,423.94. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $29.60 on Thursday. The company’s 50 day simple moving average is $31.56 and its 200-day simple moving average is $28.91. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 6.22, a price-to-earnings-growth ratio of 0.78 and a beta of 1.48. Tri Pointe Homes, Inc. has a 1 year low of $14.59 and a 1 year high of $34.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.18 and a current ratio of 2.18.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $819.08 million during the quarter, compared to analysts’ expectations of $703.67 million. Tri Pointe Homes had a net margin of 11.71% and a return on equity of 17.37%. As a group, equities research analysts expect that Tri Pointe Homes, Inc. will post 3.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

TPH has been the topic of several research reports. StockNews.com initiated coverage on shares of Tri Pointe Homes in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Tri Pointe Homes in a research note on Wednesday, May 31st. They set a “buy” rating and a $42.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Tri Pointe Homes from $29.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, July 28th. Wedbush lifted their target price on shares of Tri Pointe Homes from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Finally, Wolfe Research raised shares of Tri Pointe Homes from a “peer perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Monday, August 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Tri Pointe Homes currently has a consensus rating of “Hold” and an average price target of $33.00.

Tri Pointe Homes Company 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.