Nomura Holdings Inc. Makes New $6.06 Million Investment in Tri Pointe Homes Inc. $TPH

Nomura Holdings Inc. bought a new stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 189,763 shares of the construction company’s stock, valued at approximately $6,063,000. Nomura Holdings Inc. owned about 0.21% of Tri Pointe Homes as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TPH. State Street Corp raised its stake in Tri Pointe Homes by 1.0% during the second quarter. State Street Corp now owns 4,556,255 shares of the construction company’s stock valued at $145,572,000 after purchasing an additional 44,574 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Tri Pointe Homes by 13.3% in the 2nd quarter. American Century Companies Inc. now owns 2,502,818 shares of the construction company’s stock worth $79,965,000 after buying an additional 293,652 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Tri Pointe Homes by 37.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 877,599 shares of the construction company’s stock valued at $28,039,000 after buying an additional 239,238 shares in the last quarter. Boston Partners lifted its holdings in shares of Tri Pointe Homes by 60.3% in the 2nd quarter. Boston Partners now owns 820,492 shares of the construction company’s stock valued at $26,217,000 after acquiring an additional 308,751 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Tri Pointe Homes by 20.5% during the second quarter. Bank of America Corp DE now owns 819,976 shares of the construction company’s stock worth $26,198,000 after acquiring an additional 139,228 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock opened at $33.67 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $32.46 and its two-hundred day moving average is $32.98. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $39.53. The company has a market capitalization of $2.89 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.88 and a beta of 1.33.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. The firm had revenue of $836.87 million during the quarter, compared to analyst estimates of $782.22 million. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The business’s revenue was down 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. As a group, analysts expect that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

TPH has been the subject of a number of recent research reports. Wall Street Zen upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Thursday, October 30th. Finally, Evercore ISI reissued an “in-line” rating and issued a $34.00 target price (down previously from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Tri Pointe Homes currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

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.