Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Barclays PLC

Barclays PLC reduced its position in shares of Tri Pointe Homes, Inc. (NYSE:TPHFree Report) by 8.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 159,231 shares of the construction company’s stock after selling 14,665 shares during the period. Barclays PLC’s holdings in Tri Pointe Homes were worth $4,355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Tri Pointe Homes by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 12,230,217 shares of the construction company’s stock worth $245,584,000 after acquiring an additional 329,990 shares in the last quarter. State Street Corp raised its stake in Tri Pointe Homes by 0.4% during the 2nd quarter. State Street Corp now owns 4,796,047 shares of the construction company’s stock worth $80,909,000 after acquiring an additional 16,907 shares in the last quarter. Geode Capital Management LLC raised its stake in Tri Pointe Homes by 6.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,047,722 shares of the construction company’s stock worth $67,288,000 after acquiring an additional 126,911 shares in the last quarter. LSV Asset Management raised its stake in Tri Pointe Homes by 0.6% during the 2nd quarter. LSV Asset Management now owns 1,938,920 shares of the construction company’s stock worth $63,713,000 after acquiring an additional 11,800 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Tri Pointe Homes by 1,387.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,906,274 shares of the construction company’s stock worth $48,267,000 after acquiring an additional 1,778,149 shares in the last quarter. 97.59% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Down 0.1 %

NYSE TPH opened at $35.14 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market cap of $3.41 billion, a PE ratio of 8.63, a P/E/G ratio of 0.75 and a beta of 1.53. Tri Pointe Homes, Inc. has a one year low of $21.84 and a one year high of $36.37. The firm’s fifty day moving average is $34.15 and its two-hundred day moving average is $30.65.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on Tri Pointe Homes

Tri Pointe Homes Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding TPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tri Pointe Homes, Inc. (NYSE:TPHFree Report).

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

Receive News & Ratings for Tri Pointe Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri Pointe Homes and related companies with MarketBeat.com's FREE daily email newsletter.