GAMMA Investing LLC Invests $41,000 in Tri Pointe Homes, Inc. (NYSE:TPH)

GAMMA Investing LLC bought a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,176 shares of the construction company’s stock, valued at approximately $41,000.

A number of other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in shares of 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 valued at $138,539,000 after purchasing an additional 1,524,401 shares in the last quarter. American Century Companies Inc. grew its stake 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 valued at $46,040,000 after acquiring an additional 300,383 shares in the last quarter. Invesco Ltd. grew its stake 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 valued at $28,526,000 after acquiring an additional 137,175 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Tri Pointe Homes by 26.9% in the third quarter. Assenagon Asset Management S.A. now owns 727,045 shares of the construction company’s stock worth $19,885,000 after purchasing an additional 153,994 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Up 2.3 %

TPH stock opened at $38.99 on Friday. The firm has a market cap of $3.70 billion, a PE ratio of 10.40, a PEG ratio of 0.65 and a beta of 1.54. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $40.13. The company has a fifty day simple moving average of $35.99 and a 200 day simple moving average of $33.23. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.45.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.34. The company had revenue of $918.40 million during the quarter, compared to analysts’ expectations of $867.77 million. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 4.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TPH shares. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Tri Pointe Homes in a research note on Thursday, April 25th. Royal Bank of Canada lifted their price objective on Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Oppenheimer upped their target price on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Tri Pointe Homes has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

Insiders Place Their Bets

In other news, COO Thomas J. Mitchell sold 51,533 shares of the business’s stock in a transaction on 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 directly owns 785,543 shares in the company, valued at $27,666,824.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.