Capstone Investment Advisors LLC Makes New $244,000 Investment in Tri Pointe Homes, Inc. (NYSE:TPH)

Capstone Investment Advisors LLC bought a new stake in Tri Pointe Homes, Inc. (NYSE:TPH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,379 shares of the construction company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Tri Pointe Homes by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,976 shares of the construction company’s stock valued at $3,092,000 after buying an additional 3,384 shares during the last quarter. Jane Street Group LLC increased its position in shares of Tri Pointe Homes by 171.3% during the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock worth $11,352,000 after purchasing an additional 185,395 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after purchasing an additional 588 shares during the last quarter. CWM LLC boosted its position in shares of Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after purchasing an additional 920 shares during the period. Finally, O Keefe Stevens Advisory Inc. grew its stake in Tri Pointe Homes by 0.7% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 231,413 shares of the construction company’s stock worth $8,620,000 after buying an additional 1,700 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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 transaction of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TPH has been the topic of a number of research reports. Oppenheimer lowered their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. 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. Wedbush reiterated 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 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. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.75.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $43.53 on Friday. The company has a market capitalization of $4.07 billion, a PE ratio of 9.03, a P/E/G ratio of 0.71 and a beta of 1.60. Tri Pointe Homes, Inc. has a 52-week low of $28.74 and a 52-week high of $47.78. The company has a 50-day simple moving average of $43.14 and a 200-day simple moving average of $41.69. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $0.76 EPS. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. Equities research analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

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.