Pacer Advisors Inc. Purchases 1,524,401 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Pacer Advisors Inc. lifted its holdings in Tri Pointe Homes, Inc. (NYSE:TPHFree Report) by 63.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,913,521 shares of the construction company’s stock after purchasing an additional 1,524,401 shares during the period. Pacer Advisors Inc. owned about 4.03% of Tri Pointe Homes worth $138,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TPH. Diversified Trust Co increased its holdings in shares of Tri Pointe Homes by 2.7% in the 4th quarter. Diversified Trust Co now owns 12,506 shares of the construction company’s stock worth $443,000 after buying an additional 330 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in Tri Pointe Homes by 1.5% during the third quarter. Oliver Luxxe Assets LLC now owns 34,257 shares of the construction company’s stock valued at $937,000 after purchasing an additional 505 shares in the last quarter. Captrust Financial Advisors grew its stake in Tri Pointe Homes by 30.4% in the first quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock valued at $46,000 after purchasing an additional 531 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Tri Pointe Homes by 1.1% in the fourth quarter. MetLife Investment Management LLC now owns 53,539 shares of the construction company’s stock worth $995,000 after purchasing an additional 559 shares in the last quarter. Finally, Cavalier Investments LLC boosted its holdings in shares of Tri Pointe Homes by 3.8% in the 3rd quarter. Cavalier Investments LLC now owns 17,120 shares of the construction company’s stock valued at $468,000 after buying an additional 629 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Trading Down 0.4 %

NYSE TPH opened at $36.59 on Tuesday. The company has a fifty day moving average of $34.95 and a 200 day moving average of $31.53. The company has a market capitalization of $3.49 billion, a PE ratio of 10.61, a P/E/G ratio of 0.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.11 and a quick ratio of 2.11. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $37.12.

Tri Pointe Homes (NYSE:TPHGet Free Report) last issued its earnings results on Tuesday, February 20th. The construction company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.24. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $1.98 earnings per share. The company’s revenue was down 17.5% compared to the same quarter last year. Research analysts forecast that Tri Pointe Homes, Inc. will post 3.64 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on TPH shares. Wedbush restated a “neutral” rating and issued a $32.00 target price on shares of Tri Pointe Homes in a research note on Tuesday, February 20th. Royal Bank of Canada raised shares of Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Wednesday, March 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $41.00 target price (up previously from $36.00) on shares of Tri Pointe Homes in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.20.

Get Our Latest Report on Tri Pointe Homes

Insider Activity

In related news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the sale, the chief operating officer now owns 785,543 shares in the company, valued at $27,666,824.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Tri Pointe Homes Company 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.

See Also

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

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