Quadrant Capital Group LLC Has $97,000 Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Quadrant Capital Group LLC boosted its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 21.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,748 shares of the construction company’s stock after acquiring an additional 487 shares during the quarter. Quadrant Capital Group LLC’s holdings in Tri Pointe Homes were worth $97,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Diversified Trust Co raised its stake in shares of Tri Pointe Homes by 2.7% in the fourth quarter. Diversified Trust Co now owns 12,506 shares of the construction company’s stock valued at $443,000 after acquiring an additional 330 shares during the last quarter. Oliver Luxxe Assets LLC grew its position in shares of Tri Pointe Homes by 1.5% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,257 shares of the construction company’s stock worth $937,000 after buying an additional 505 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Tri Pointe Homes by 105.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock valued at $48,000 after buying an additional 700 shares during the period. Blue Trust Inc. lifted its holdings in Tri Pointe Homes by 73.8% during the fourth quarter. Blue Trust Inc. now owns 1,766 shares of the construction company’s stock worth $63,000 after acquiring an additional 750 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its stake in Tri Pointe Homes by 0.4% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 229,575 shares of the construction company’s stock worth $8,127,000 after purchasing an additional 981 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction that occurred 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 directly owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas F. Bauer sold 56,567 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the completion of the transaction, the chief executive officer now directly owns 677,816 shares of the company’s stock, valued at approximately $26,963,520.48. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Tri Pointe Homes Stock Up 0.9 %

Shares of TPH stock opened at $38.33 on Friday. Tri Pointe Homes, Inc. has a 52-week low of $24.18 and a 52-week high of $40.98. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.65 and a beta of 1.54. The firm’s 50-day moving average is $37.49 and its 200-day moving average is $34.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.99 and a current ratio of 1.99.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.34. The firm had revenue of $918.40 million for the quarter, compared to analyst estimates of $867.77 million. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. Sell-side analysts predict that Tri Pointe Homes, Inc. will post 4.49 EPS for the current year.

Wall Street Analysts Forecast Growth

TPH has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $35.00 target price on shares of Tri Pointe Homes in a report on Thursday, April 25th. Finally, Oppenheimer raised their price target on Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average price target of $40.60.

About Tri Pointe Homes

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.