American Century Companies Inc. Has $93.61 Million Position in Tri Pointe Homes Inc. $TPH

American Century Companies Inc. boosted its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,755,767 shares of the construction company’s stock after buying an additional 252,949 shares during the period. American Century Companies Inc. owned approximately 3.21% of Tri Pointe Homes worth $93,613,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Tri Pointe Homes by 19.1% during the 1st quarter. Royal Bank of Canada now owns 72,740 shares of the construction company’s stock worth $2,322,000 after acquiring an additional 11,668 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Tri Pointe Homes by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,879 shares of the construction company’s stock worth $1,752,000 after purchasing an additional 2,398 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Tri Pointe Homes by 2,659.4% during the second quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock worth $61,000 after purchasing an additional 1,835 shares during the last quarter. Atria Investments Inc grew its position in Tri Pointe Homes by 2.1% in the second quarter. Atria Investments Inc now owns 20,685 shares of the construction company’s stock valued at $661,000 after purchasing an additional 427 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in Tri Pointe Homes in the 2nd quarter valued at $792,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

TPH stock opened at $46.39 on Wednesday. The company’s 50-day moving average price is $37.11 and its two-hundred day moving average price is $34.71. The firm has a market cap of $3.92 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.38 and a beta of 1.34. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. Tri Pointe Homes Inc. has a 12 month low of $27.90 and a 12 month high of $46.62.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The business had revenue of $972.63 million during the quarter, compared to the consensus estimate of $917.86 million. During the same period in the prior year, the company earned $1.37 EPS. Tri Pointe Homes’s revenue for the quarter was down 22.5% on a year-over-year basis. On average, analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TPH shares. Citigroup began coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Citizens Jmp initiated coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective for the company. Royal Bank Of Canada boosted their target price on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Oppenheimer lowered shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Tri Pointe Homes presently has a consensus rating of “Hold” and a consensus price target of $42.50.

Insiders Place Their Bets

In other news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by corporate insiders.

Tri Pointe Homes 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.