HighTower Advisors LLC Buys 23,999 Shares of Tri Pointe Homes Inc. $TPH

HighTower Advisors LLC increased its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,103 shares of the construction company’s stock after acquiring an additional 23,999 shares during the quarter. HighTower Advisors LLC owned approximately 0.27% of Tri Pointe Homes worth $7,952,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TPH. AQR Capital Management LLC raised its holdings in shares of Tri Pointe Homes by 353.2% during the second quarter. AQR Capital Management LLC now owns 687,307 shares of the construction company’s stock valued at $21,788,000 after purchasing an additional 535,640 shares during the period. AE Wealth Management LLC grew its stake in shares of Tri Pointe Homes by 4,456.8% in the 2nd quarter. AE Wealth Management LLC now owns 348,918 shares of the construction company’s stock valued at $11,148,000 after buying an additional 341,261 shares during the period. Boston Partners increased its position in 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 buying an additional 308,751 shares in the last quarter. M&G PLC acquired a new position in Tri Pointe Homes during the 2nd quarter worth approximately $9,646,000. Finally, American Century Companies Inc. boosted its holdings in Tri Pointe Homes by 13.3% in the second quarter. American Century Companies Inc. now owns 2,502,818 shares of the construction company’s stock worth $79,965,000 after acquiring an additional 293,652 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TPH has been the subject of several recent research reports. Royal Bank Of Canada boosted their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Oppenheimer downgraded shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Citizens Jmp started coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective on the stock. Citigroup started coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tri Pointe Homes presently has a consensus rating of “Hold” and a consensus target price of $42.50.

Tri Pointe Homes Stock Down 0.0%

Tri Pointe Homes stock opened at $46.31 on Monday. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $46.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The firm’s 50-day simple moving average is $35.18 and its 200 day simple moving average is $34.11. The stock has a market cap of $3.98 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.38 and a beta of 1.39.

Insider Activity

In other news, Director Steven J. Gilbert sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the transaction, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. This represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Tri Pointe Homes Company Profile

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.