Tri Pointe Homes Inc. (NYSE:TPH) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in Tri Pointe Homes Inc. (NYSE:TPH) by 26.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,718 shares of the construction company’s stock after selling 606 shares during the period. Nisa Investment Advisors LLC’s holdings in Tri Pointe Homes were worth $55,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TPH. CIBC Private Wealth Group LLC grew its stake in Tri Pointe Homes by 8.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company’s stock worth $126,000 after acquiring an additional 287 shares during the period. Covestor Ltd boosted its holdings in shares of Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company’s stock worth $33,000 after purchasing an additional 335 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in shares of Tri Pointe Homes by 0.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company’s stock valued at $3,619,000 after purchasing an additional 340 shares during the period. Hancock Whitney Corp increased its stake in Tri Pointe Homes by 8.3% in the fourth quarter. Hancock Whitney Corp now owns 5,779 shares of the construction company’s stock valued at $210,000 after purchasing an additional 442 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in Tri Pointe Homes by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,645 shares of the construction company’s stock worth $350,000 after buying an additional 488 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock opened at $33.00 on Friday. The business’s fifty day moving average price is $31.50 and its 200 day moving average price is $32.49. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.99 billion, a P/E ratio of 7.33, a PEG ratio of 0.87 and a beta of 1.25.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $713.65 million. During the same period last year, the business posted $1.03 EPS. The company’s quarterly revenue was down 21.5% compared to the same quarter last year. As a group, research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Insiders Place Their Bets

In other 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 value of $3,626,653.05. Following the completion of the sale, the chief executive officer owned 627,833 shares of the company’s stock, valued at $18,929,164.95. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Wedbush raised shares of Tri Pointe Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $43.00 in a research note on Monday, April 28th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tri Pointe Homes currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

About Tri Pointe Homes

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.