Xponance Inc. Acquires 336 Shares of Tri Pointe Homes Inc. (NYSE:TPH)

Xponance Inc. grew its position in Tri Pointe Homes Inc. (NYSE:TPH) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,095 shares of the construction company’s stock after buying an additional 336 shares during the period. Xponance Inc.’s holdings in Tri Pointe Homes were worth $226,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cerity Partners LLC boosted its position in shares of Tri Pointe Homes by 9.1% in the first quarter. Cerity Partners LLC now owns 69,018 shares of the construction company’s stock worth $2,203,000 after purchasing an additional 5,754 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Tri Pointe Homes by 66.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,916 shares of the construction company’s stock worth $248,000 after acquiring an additional 3,168 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Tri Pointe Homes by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 172,623 shares of the construction company’s stock worth $5,510,000 after acquiring an additional 4,245 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Tri Pointe Homes by 2.9% during the first quarter. Principal Financial Group Inc. now owns 500,398 shares of the construction company’s stock worth $15,973,000 after acquiring an additional 14,298 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Tri Pointe Homes by 9.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,272 shares of the construction company’s stock valued at $296,000 after purchasing an additional 800 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Down 0.9%

Shares of Tri Pointe Homes stock opened at $33.00 on Friday. The firm’s 50 day moving average price is $31.50 and its 200-day moving average price is $32.46. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $47.78. The company has a market cap of $2.99 billion, a P/E ratio of 7.33, a PEG ratio of 0.86 and a beta of 1.25.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, April 24th. The construction company reported $0.70 EPS for the quarter, topping 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 net margin of 10.02% and a return on equity of 12.97%. Tri Pointe Homes’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. On average, sell-side analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush raised shares of Tri Pointe Homes from a “neutral” rating to an “outperform” rating and increased their target price 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 120,287 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 627,833 shares of the company’s stock, valued at approximately $18,929,164.95. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

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.