Tri Pointe Homes, Inc. (NYSE:TPH) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 22.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 315,100 shares of the construction company’s stock after purchasing an additional 57,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.34% of Tri Pointe Homes worth $14,277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in Tri Pointe Homes by 4.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 79,976 shares of the construction company’s stock worth $3,092,000 after buying an additional 3,384 shares during the period. Jane Street Group LLC boosted its holdings in shares of Tri Pointe Homes by 171.3% in the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock valued at $11,352,000 after acquiring an additional 185,395 shares during the period. Burney Co. boosted its holdings in shares of Tri Pointe Homes by 5.6% in the first quarter. Burney Co. now owns 45,053 shares of the construction company’s stock valued at $1,742,000 after acquiring an additional 2,401 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after acquiring an additional 588 shares during the period. Finally, CWM LLC boosted its holdings in shares of Tri Pointe Homes by 70.8% in the second quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after acquiring an additional 920 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada decreased their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Oppenheimer decreased their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wedbush restated a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a research note on Tuesday, September 17th. Two research 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, Tri Pointe Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $43.62 on Friday. Tri Pointe Homes, Inc. has a 12 month low of $28.74 and a 12 month 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 business has a 50 day simple moving average of $43.16 and a 200-day simple moving average of $41.65. The stock has a market capitalization of $4.08 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60.

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

Insiders Place Their Bets

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the transaction, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.

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.