Assenagon Asset Management S.A. Has $3.21 Million Stake in Tri Pointe Homes Inc. $TPH

Assenagon Asset Management S.A. trimmed its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 79.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,948 shares of the construction company’s stock after selling 403,392 shares during the period. Assenagon Asset Management S.A. owned about 0.12% of Tri Pointe Homes worth $3,208,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after purchasing an additional 345 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Tri Pointe Homes during the 3rd quarter worth about $44,000. Farther Finance Advisors LLC increased its position in shares of Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares during the last quarter. Finally, Pinnacle Holdings LLC bought a new position in Tri Pointe Homes during the 3rd quarter valued at about $64,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tri Pointe Homes 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 transaction of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.

Tri Pointe Homes Stock Up 0.1%

NYSE:TPH opened at $46.72 on Monday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.63 and a current ratio of 2.63. The stock’s fifty day moving average price is $41.98 and its two-hundred day moving average price is $36.12. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $46.76.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, beating 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 company had revenue of $972.63 million during the quarter, compared to analysts’ expectations of $917.86 million. During the same period last year, the firm earned $1.37 EPS. The business’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 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on TPH shares. Citizens Jmp began coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective on the stock. Citigroup began coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Royal Bank Of Canada raised their price target 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.50.

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.