Tri Pointe Homes Inc. (NYSE:TPH) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,272 shares of the construction company’s stock after purchasing an additional 800 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Tri Pointe Homes were worth $296,000 at the end of the most recent reporting period.

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

Tri Pointe Homes Stock Down 1.9%

NYSE:TPH opened at $32.98 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 0.86 and a beta of 1.25. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $47.78. The stock has a 50-day simple moving average of $31.01 and a 200 day simple moving average of $32.69.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.45 by $0.25. Tri Pointe Homes had a return on equity of 12.97% and a net margin of 10.02%. The company had revenue of $720.79 million during the quarter, compared to analyst estimates of $713.65 million. During the same quarter last year, the firm earned $1.03 EPS. The business’s revenue was down 21.5% on a year-over-year basis. Sell-side analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the sale, the chief executive officer directly owned 627,833 shares of the company’s stock, valued at approximately $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Wedbush raised Tri Pointe Homes from a “neutral” rating to an “outperform” rating and upped their target price for the company from $38.00 to $43.00 in a research report on Monday, April 28th. Three 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.60.

Tri Pointe Homes Company 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.