SG Americas Securities LLC Makes New Investment in Tri Pointe Homes Inc. (NYSE:TPH)

SG Americas Securities LLC purchased a new stake in Tri Pointe Homes Inc. (NYSE:TPH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,410 shares of the construction company’s stock, valued at approximately $300,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd grew its position in Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company’s stock valued at $33,000 after purchasing an additional 335 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Tri Pointe Homes by 84.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company’s stock worth $49,000 after buying an additional 613 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after buying an additional 300 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company’s stock valued at $75,000 after acquiring an additional 1,831 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Tri Pointe Homes in the fourth quarter valued at about $118,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TPH has been the subject of several recent research reports. Wedbush raised Tri Pointe Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $38.00 to $43.00 in a research report on Monday, April 28th. Seaport Res Ptn upgraded Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.60.

Insider Buying and Selling at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 120,287 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the sale, the chief executive officer now owns 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Tri Pointe Homes Trading Up 1.3%

Tri Pointe Homes stock opened at $31.48 on Friday. The stock has a 50-day simple moving average of $30.71 and a 200 day simple moving average of $33.00. The stock has a market capitalization of $2.85 billion, a P/E ratio of 7.00, a PEG ratio of 0.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.97 and a current ratio of 1.97. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25. The company had revenue of $720.79 million during the quarter, compared to analysts’ expectations of $713.65 million. Tri Pointe Homes had a return on equity of 12.97% and a net margin of 10.02%. The business’s revenue was down 21.5% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. Analysts expect that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

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.