Nisa Investment Advisors LLC Has $48,000 Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Nisa Investment Advisors LLC grew its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 105.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,362 shares of the construction company’s stock after purchasing an additional 700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tri Pointe Homes were worth $48,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Diversified Trust Co lifted its stake in shares of Tri Pointe Homes by 2.7% in the 4th quarter. Diversified Trust Co now owns 12,506 shares of the construction company’s stock valued at $443,000 after purchasing an additional 330 shares during the period. Oliver Luxxe Assets LLC increased its position in shares of Tri Pointe Homes by 1.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,257 shares of the construction company’s stock valued at $937,000 after buying an additional 505 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Tri Pointe Homes by 30.4% in the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock valued at $46,000 after buying an additional 531 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Tri Pointe Homes by 1.1% in the 4th quarter. MetLife Investment Management LLC now owns 53,539 shares of the construction company’s stock valued at $995,000 after buying an additional 559 shares in the last quarter. Finally, Cavalier Investments LLC increased its position in shares of Tri Pointe Homes by 3.8% in the 3rd quarter. Cavalier Investments LLC now owns 17,120 shares of the construction company’s stock valued at $468,000 after buying an additional 629 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TPH shares. 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 objective for the company in a research report on Wednesday, March 13th. Wedbush restated a “neutral” rating and issued a $32.00 price objective on shares of Tri Pointe Homes in a research report on Tuesday, February 20th. Finally, Oppenheimer restated an “outperform” rating and issued a $41.00 price objective (up previously from $36.00) on shares of Tri Pointe Homes in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.20.

Tri Pointe Homes Price Performance

TPH stock opened at $34.93 on Monday. The stock has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $32.67. The stock has a market cap of $3.33 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.46. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $39.08.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share (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 analysts’ expectations of $1.20 billion. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The company’s revenue was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 EPS. Equities analysts forecast that Tri Pointe Homes, Inc. will post 3.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tri Pointe Homes 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 transaction of $1,814,992.26. Following the completion of the transaction, the chief operating officer now owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.