Burr Financial Services LLC Has $914,000 Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Burr Financial Services LLC raised its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 73.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,170 shares of the construction company’s stock after buying an additional 8,570 shares during the quarter. Tri Pointe Homes accounts for 0.6% of Burr Financial Services LLC’s investment portfolio, making the stock its 18th largest holding. Burr Financial Services LLC’s holdings in Tri Pointe Homes were worth $914,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of Tri Pointe Homes by 132.8% during the first quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock worth $4,730,000 after purchasing an additional 69,789 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of Tri Pointe Homes during the first quarter worth approximately $834,000. Raymond James & Associates raised its position in shares of Tri Pointe Homes by 19.2% during the third quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock worth $9,450,000 after purchasing an additional 33,629 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Tri Pointe Homes by 64.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 83,261 shares of the construction company’s stock worth $3,219,000 after purchasing an additional 32,717 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Tri Pointe Homes by 3,110.4% during the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock worth $4,012,000 after purchasing an additional 104,355 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.

Tri Pointe Homes Trading Down 0.8 %

Shares of TPH opened at $40.50 on Thursday. The firm’s 50 day simple moving average is $43.88 and its 200 day simple moving average is $40.96. The company has a market capitalization of $3.79 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.66 and a beta of 1.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. Tri Pointe Homes, Inc. has a 1-year low of $24.74 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. Tri Pointe Homes’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. Sell-side analysts forecast that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current fiscal year.

Tri Pointe Homes Company 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.