TD Asset Management Inc Has $3.01 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

TD Asset Management Inc increased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPHFree Report) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 84,900 shares of the construction company’s stock after purchasing an additional 4,500 shares during the period. TD Asset Management Inc owned approximately 0.09% of Tri Pointe Homes worth $3,005,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Trexquant Investment LP acquired a new position in shares of Tri Pointe Homes during the 4th quarter worth about $3,135,000. Invesco Ltd. lifted its position in shares of 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 during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Tri Pointe Homes during the 4th quarter worth about $35,000. Assetmark Inc. lifted its position in shares of Tri Pointe Homes by 29,825.0% during the 4th quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock worth $42,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Richard Bernstein Advisors LLC acquired a new position in shares of Tri Pointe Homes during the 3rd quarter worth about $4,886,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Oppenheimer upped their price target on Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a 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 report on Thursday, April 25th. Finally, Royal Bank of Canada upped their price target on Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

View Our Latest Analysis on TPH

Insider Buying and Selling

In related news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly 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 can be accessed through this hyperlink. In related news, CEO Douglas F. Bauer sold 56,567 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the sale, the chief executive officer now directly owns 677,816 shares in the company, valued at approximately $26,963,520.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following the sale, the chief operating officer now owns 785,543 shares in the company, valued at $27,666,824.46. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Tri Pointe Homes Trading Down 0.4 %

TPH stock opened at $38.34 on Friday. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $40.98. The firm has a market cap of $3.64 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.66 and a beta of 1.55. The business’s 50 day moving average is $37.80 and its 200-day moving average is $35.35. 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:TPHGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, beating 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 company had revenue of $918.40 million for the quarter, compared to analyst estimates of $867.77 million. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. Equities analysts anticipate that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current fiscal year.

Tri Pointe Homes Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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