AE Wealth Management LLC Has $13.96 Million Stake in Tri Pointe Homes Inc. $TPH

AE Wealth Management LLC raised its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 17.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 410,836 shares of the construction company’s stock after purchasing an additional 61,918 shares during the period. AE Wealth Management LLC owned 0.48% of Tri Pointe Homes worth $13,956,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its position in shares of 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 worth $145,572,000 after acquiring an additional 44,574 shares during the last quarter. American Century Companies Inc. increased its position in Tri Pointe Homes by 13.3% during the 2nd quarter. American Century Companies Inc. now owns 2,502,818 shares of the construction company’s stock valued at $79,965,000 after purchasing an additional 293,652 shares during the period. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 239,238 shares during the period. Boston Partners raised its holdings in Tri Pointe Homes by 60.3% during the 2nd quarter. Boston Partners now owns 820,492 shares of the construction company’s stock worth $26,217,000 after purchasing an additional 308,751 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Tri Pointe Homes by 20.5% in the 2nd quarter. Bank of America Corp DE now owns 819,976 shares of the construction company’s stock worth $26,198,000 after purchasing an additional 139,228 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TPH. Royal Bank Of Canada set a $31.00 price objective on shares of Tri Pointe Homes in a research report on Friday, January 9th. Citizens Jmp started coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price target for the company. Citigroup initiated coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Evercore ISI reaffirmed an “in-line” rating and set a $34.00 target price (down previously from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.40.

Tri Pointe Homes Trading Up 1.2%

Shares of Tri Pointe Homes stock opened at $33.68 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $38.28. The stock has a 50 day moving average price of $33.35 and a two-hundred day moving average price of $33.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.