Victory Capital Management Inc. Increases Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Victory Capital Management Inc. lifted its position in Tri Pointe Homes, Inc. (NYSE:TPHFree Report) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 276,775 shares of the construction company’s stock after acquiring an additional 8,250 shares during the period. Victory Capital Management Inc.’s holdings in Tri Pointe Homes were worth $7,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TPH. Raymond James & Associates boosted its holdings in Tri Pointe Homes by 2.1% in the first quarter. Raymond James & Associates now owns 176,362 shares of the construction company’s stock valued at $3,541,000 after purchasing an additional 3,591 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Tri Pointe Homes by 53.8% in the first quarter. Natixis Advisors L.P. now owns 25,492 shares of the construction company’s stock valued at $512,000 after purchasing an additional 8,922 shares during the last quarter. Bank of Montreal Can boosted its holdings in Tri Pointe Homes by 25.8% in the first quarter. Bank of Montreal Can now owns 10,793 shares of the construction company’s stock valued at $224,000 after purchasing an additional 2,213 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Tri Pointe Homes by 39.4% in the first quarter. MetLife Investment Management LLC now owns 128,677 shares of the construction company’s stock valued at $2,584,000 after purchasing an additional 36,396 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Tri Pointe Homes by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,731 shares of the construction company’s stock valued at $818,000 after purchasing an additional 3,884 shares during the last quarter. 97.59% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Up 0.1 %

TPH stock opened at $34.42 on Wednesday. The company’s 50-day simple moving average is $33.82 and its 200-day simple moving average is $30.59. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.47. Tri Pointe Homes, Inc. has a 52-week low of $21.84 and a 52-week high of $36.37. The firm has a market cap of $3.34 billion, a P/E ratio of 8.46, a PEG ratio of 0.74 and a beta of 1.53.

Wall Street Analyst Weigh In

Separately, Wedbush reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Tri Pointe Homes in a report on Monday, December 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

View Our Latest Stock Analysis on TPH

About Tri Pointe Homes

(Free Report)

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.

See Also

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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