SG Americas Securities LLC Trims Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

SG Americas Securities LLC reduced its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 95.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,478 shares of the construction company’s stock after selling 109,534 shares during the quarter. SG Americas Securities LLC’s holdings in Tri Pointe Homes were worth $194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TPH. Invesco Ltd. lifted its position in Tri Pointe Homes by 15.1% during the third quarter. Invesco Ltd. now owns 1,042,993 shares of the construction company’s stock worth $28,526,000 after buying an additional 137,175 shares during the period. TD Asset Management Inc lifted its position in Tri Pointe Homes by 73.3% during the third quarter. TD Asset Management Inc now owns 80,400 shares of the construction company’s stock worth $2,199,000 after buying an additional 34,000 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Tri Pointe Homes by 30.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the construction company’s stock worth $184,000 after buying an additional 1,569 shares during the period. Assenagon Asset Management S.A. lifted its position in Tri Pointe Homes by 26.9% during the third quarter. Assenagon Asset Management S.A. now owns 727,045 shares of the construction company’s stock worth $19,885,000 after buying an additional 153,994 shares during the period. Finally, Summit Global Investments lifted its position in Tri Pointe Homes by 269.2% during the third quarter. Summit Global Investments now owns 33,663 shares of the construction company’s stock worth $921,000 after buying an additional 24,546 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following the completion of the sale, the chief operating officer now owns 785,543 shares in the company, valued at $27,666,824.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH opened at $36.33 on Friday. The firm has a market capitalization of $3.47 billion, a PE ratio of 10.53, a P/E/G ratio of 0.77 and a beta of 1.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.11 and a quick ratio of 2.11. The business has a 50-day moving average of $35.65 and a two-hundred day moving average of $32.36. Tri Pointe Homes, Inc. has a 12 month low of $24.18 and a 12 month high of $39.08.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.24. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $1.98 earnings per share. The company’s revenue for the quarter was down 17.5% compared to the same quarter last year. As a group, research analysts forecast that Tri Pointe Homes, Inc. will post 3.65 earnings per share for the current year.

Analyst Ratings Changes

TPH has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $41.00 target price (up from $36.00) on shares of Tri Pointe Homes in a research report on Wednesday, February 21st. Royal Bank of Canada upgraded Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Wednesday, March 13th. Finally, Wedbush restated a “neutral” rating and set a $32.00 price target on shares of Tri Pointe Homes in a research note on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Tri Pointe Homes currently has an average rating of “Moderate Buy” and a consensus target price of $38.20.

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.