New York Life Investment Management LLC Has $384,000 Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

New York Life Investment Management LLC lessened its stake in Tri Pointe Homes, Inc. (NYSE:TPHFree Report) by 13.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,040 shares of the construction company’s stock after selling 2,237 shares during the quarter. New York Life Investment Management LLC’s holdings in Tri Pointe Homes were worth $384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. West Tower Group LLC acquired a new stake in Tri Pointe Homes during the second quarter worth about $27,000. Ronald Blue Trust Inc. increased its stake in shares of Tri Pointe Homes by 168.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,016 shares of the construction company’s stock valued at $28,000 after acquiring an additional 637 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Tri Pointe Homes in the 2nd quarter valued at $30,000. Point72 Asset Management L.P. acquired a new stake in Tri Pointe Homes in the 2nd quarter valued at $45,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Tri Pointe Homes in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 97.59% of the company’s stock.

Tri Pointe Homes Price Performance

TPH opened at $35.14 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 0.75 and a beta of 1.53. The firm’s fifty day moving average price is $34.15 and its two-hundred day moving average price is $30.63. Tri Pointe Homes, Inc. has a 1 year low of $21.84 and a 1 year high of $36.37.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis 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.

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

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