Sequoia Financial Advisors LLC Takes Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Sequoia Financial Advisors LLC purchased a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 11,084 shares of the construction company’s stock, valued at approximately $392,000.

A number of other hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in shares of Tri Pointe Homes by 105.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock valued at $48,000 after acquiring an additional 700 shares during the period. AlphaMark Advisors LLC acquired a new position in shares of Tri Pointe Homes during the fourth quarter valued at approximately $326,000. Blue Trust Inc. increased its stake in shares of Tri Pointe Homes by 73.8% during the fourth quarter. Blue Trust Inc. now owns 1,766 shares of the construction company’s stock valued at $63,000 after acquiring an additional 750 shares during the period. Planned Solutions Inc. acquired a new position in shares of Tri Pointe Homes during the fourth quarter valued at approximately $113,000. Finally, Pacer Advisors Inc. increased its stake in shares of Tri Pointe Homes by 63.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock valued at $138,539,000 after acquiring an additional 1,524,401 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Trading Down 1.4 %

Tri Pointe Homes stock opened at $34.50 on Thursday. The firm’s 50 day moving average price is $35.68 and its two-hundred day moving average price is $32.52. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $39.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54.

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

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the sale, the chief operating officer now owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $41.00 price objective (up previously from $36.00) on shares of Tri Pointe Homes in a research note on Wednesday, February 21st. Wedbush restated a “neutral” rating and issued a $32.00 price target on shares of Tri Pointe Homes in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada upgraded shares of Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.20.

About Tri Pointe Homes

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.