Mercer Global Advisors Inc. ADV Raises Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,558 shares of the construction company’s stock after purchasing an additional 8,743 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Tri Pointe Homes were worth $605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D purchased a new stake in Tri Pointe Homes in the fourth quarter worth approximately $2,373,000. Nomura Holdings Inc. boosted its stake in shares of Tri Pointe Homes by 54.0% during the third quarter. Nomura Holdings Inc. now owns 118,050 shares of the construction company’s stock valued at $1,784,000 after purchasing an additional 41,417 shares during the period. Dean Investment Associates LLC boosted its stake in shares of Tri Pointe Homes by 16.8% during the third quarter. Dean Investment Associates LLC now owns 296,113 shares of the construction company’s stock valued at $4,474,000 after purchasing an additional 42,698 shares during the period. ProShare Advisors LLC boosted its stake in shares of Tri Pointe Homes by 14.7% during the fourth quarter. ProShare Advisors LLC now owns 15,925 shares of the construction company’s stock valued at $296,000 after purchasing an additional 2,036 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Tri Pointe Homes by 11.0% during the third quarter. Victory Capital Management Inc. now owns 300,564 shares of the construction company’s stock valued at $4,542,000 after purchasing an additional 29,714 shares during the period. Hedge funds and other institutional investors own 99.41% of the company’s stock.

Insiders Place Their Bets

In other Tri Pointe Homes news, Director Constance B. Moore sold 39,589 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $23.15, for a total value of $916,485.35. Following the completion of the transaction, the director now owns 60,613 shares in the company, valued at $1,403,190.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Tri Pointe Homes news, Director Constance B. Moore sold 39,589 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $23.15, for a total value of $916,485.35. Following the completion of the transaction, the director now owns 60,613 shares in the company, valued at $1,403,190.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas F. Bauer sold 19,076 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $29.24, for a total value of $557,782.24. Following the completion of the transaction, the chief executive officer now owns 423,514 shares of the company’s stock, valued at approximately $12,383,549.36. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock opened at $30.32 on Monday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The company has a market cap of $3.04 billion, a PE ratio of 5.52, a P/E/G ratio of 0.76 and a beta of 1.45. The business has a 50 day moving average of $26.58 and a 200 day moving average of $22.49. Tri Pointe Homes, Inc. has a 52 week low of $14.59 and a 52 week high of $31.00.

Tri Pointe Homes (NYSE:TPH – Get Rating) last announced its earnings results on Thursday, April 27th. The construction company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.32. The company had revenue of $768.40 million during the quarter, compared to the consensus estimate of $586.76 million. Tri Pointe Homes had a return on equity of 20.83% and a net margin of 12.97%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. As a group, equities research analysts forecast that Tri Pointe Homes, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

TPH has been the subject of a number of analyst reports. Wedbush increased their price objective on Tri Pointe Homes from $27.00 to $30.00 in a research note on Friday, April 28th. StockNews.com initiated coverage on Tri Pointe Homes in a research note on Thursday. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.00.

Tri Pointe Homes Profile

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Tri Pointe Homes, Inc designs, constructs, and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of operations in Arizona, Pardee Homes, consisting of operations in California and Nevada, Quadrant Homes, consisting of operations in Washington, Trendmaker Homes, consisting of operations in Texas, TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.