Royce & Associates LP Has $21.82 Million Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Royce & Associates LP grew its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 481,521 shares of the construction company’s stock after buying an additional 563 shares during the period. Royce & Associates LP owned approximately 0.51% of Tri Pointe Homes worth $21,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TPH. Assenagon Asset Management S.A. grew its holdings in shares of Tri Pointe Homes by 260.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock valued at $64,216,000 after buying an additional 1,024,425 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Tri Pointe Homes by 1,417.8% in the 2nd quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company’s stock valued at $16,529,000 after buying an additional 414,500 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Tri Pointe Homes by 149.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company’s stock valued at $19,907,000 after buying an additional 320,221 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Tri Pointe Homes in the 2nd quarter valued at $9,599,000. Finally, Jane Street Group LLC grew its holdings in shares of Tri Pointe Homes by 171.3% in the 1st quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock valued at $11,352,000 after buying an additional 185,395 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Trading Down 0.8 %

Tri Pointe Homes stock opened at $41.79 on Friday. The firm has a 50-day moving average of $43.34 and a 200-day moving average of $41.37. Tri Pointe Homes, Inc. has a one year low of $28.74 and a one year high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 0.67 and a beta of 1.60.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $0.76 EPS. The company’s quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts expect that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TPH has been the subject of several research analyst reports. Oppenheimer decreased their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Wedbush reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada reduced their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price for the company in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.75.

Insider Transactions at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Tri Pointe Homes Profile

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.