Russell Investments Group Ltd. Sells 112,485 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Russell Investments Group Ltd. cut its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,895 shares of the construction company’s stock after selling 112,485 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tri Pointe Homes were worth $9,767,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TPH. Pacer Advisors Inc. raised its position in Tri Pointe Homes by 63.8% in 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 during the last quarter. American Century Companies Inc. increased its holdings in Tri Pointe Homes by 21.7% in the third quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company’s stock valued at $46,040,000 after purchasing an additional 300,383 shares during the last quarter. Richard Bernstein Advisors LLC bought a new position in Tri Pointe Homes during the third quarter worth about $4,886,000. Assenagon Asset Management S.A. boosted its stake in Tri Pointe Homes by 26.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 727,045 shares of the construction company’s stock worth $19,885,000 after acquiring an additional 153,994 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Tri Pointe Homes by 15.1% during the third quarter. Invesco Ltd. now owns 1,042,993 shares of the construction company’s stock valued at $28,526,000 after purchasing an additional 137,175 shares during the period. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Up 1.5 %

NYSE:TPH opened at $39.57 on Tuesday. Tri Pointe Homes, Inc. has a twelve month low of $24.18 and a twelve month high of $40.13. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $36.15 and its two-hundred day moving average price is $33.53.

Tri Pointe Homes (NYSE:TPH) last issued its 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. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The business had revenue of $918.40 million for the quarter, compared to the consensus estimate of $867.77 million. During the same period in the previous year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts expect that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes 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 $27,666,824.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.