Xponance Inc. Takes Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Xponance Inc. bought a new stake in Tri Pointe Homes, Inc. (NYSE:TPH) in the 4th quarter, Holdings Channel reports. The institutional investor bought 5,883 shares of the construction company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in Tri Pointe Homes by 63.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock worth $138,539,000 after purchasing an additional 1,524,401 shares in the last quarter. American Century Companies Inc. increased its position in Tri Pointe Homes by 21.7% during the 3rd quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company’s stock worth $46,040,000 after purchasing an additional 300,383 shares in the last quarter. Invesco Ltd. increased its position in Tri Pointe Homes by 15.1% during the 3rd quarter. Invesco Ltd. now owns 1,042,993 shares of the construction company’s stock worth $28,526,000 after purchasing an additional 137,175 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Tri Pointe Homes by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 986,507 shares of the construction company’s stock valued at $26,981,000 after purchasing an additional 3,132 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Tri Pointe Homes by 44.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 800,710 shares of the construction company’s stock worth $21,899,000 after acquiring an additional 246,648 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada upped their price objective on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer upped their price objective on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wedbush restated a “neutral” rating and set a $35.00 price objective on shares of Tri Pointe Homes in a report on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $37.88 on Monday. The firm has a 50-day moving average of $35.79 and a 200-day moving average of $33.01. The company has a market cap of $3.59 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.99. Tri Pointe Homes, Inc. has a one year low of $24.18 and a one year high of $39.08.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.69 by $0.34. The company had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. Equities research analysts forecast that Tri Pointe Homes, Inc. will post 3.65 EPS for the current fiscal year.

Insider Activity

In other news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction dated Wednesday, March 13th. The shares were 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

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.