Daiwa Securities Group Inc. Invests $35,000 in Tri Pointe Homes, Inc. (NYSE:TPH)

Daiwa Securities Group Inc. acquired a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the construction company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPH. Nisa Investment Advisors LLC lifted its position in 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 purchasing an additional 700 shares during the period. Blue Trust Inc. lifted its position in 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 purchasing an additional 750 shares during the period. Planned Solutions Inc. bought a new position in Tri Pointe Homes during the fourth quarter valued at approximately $113,000. 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 valued at $184,000 after purchasing an additional 1,569 shares during the period. Finally, Cerity Partners LLC bought a new position in Tri Pointe Homes during the fourth quarter valued at approximately $206,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Oppenheimer increased their price objective on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada raised their price target on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wedbush restated a “neutral” rating and issued a $35.00 price target on shares of Tri Pointe Homes in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Tri Pointe Homes Stock Up 2.9 %

NYSE:TPH opened at $37.88 on Monday. Tri Pointe Homes, Inc. has a twelve month low of $24.18 and a twelve month high of $39.08. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The stock has a fifty day simple moving average of $35.79 and a 200-day simple moving average of $33.01. The company has a current ratio of 1.99, a quick ratio of 2.11 and a debt-to-equity ratio of 0.45.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The business had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. During the same period last year, the company earned $0.73 earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts anticipate that Tri Pointe Homes, Inc. will post 3.65 EPS for the current year.

Insider Transactions at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction on 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 sale, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.