Tri Pointe Homes, Inc. (NYSE:TPH) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 3,110.4% during the second quarter, Holdings Channel.com reports. The firm owned 107,710 shares of the construction company’s stock after buying an additional 104,355 shares during the quarter. SG Americas Securities LLC’s holdings in Tri Pointe Homes were worth $4,012,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TPH. GW&K Investment Management LLC acquired a new position in Tri Pointe Homes during the 4th quarter valued at about $24,389,000. Norges Bank acquired a new position in shares of Tri Pointe Homes during the fourth quarter valued at approximately $22,862,000. Jane Street Group LLC lifted its position in 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 worth $11,352,000 after purchasing an additional 185,395 shares during the period. Assenagon Asset Management S.A. boosted its stake in Tri Pointe Homes by 51.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 451,148 shares of the construction company’s stock valued at $17,441,000 after purchasing an additional 153,109 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Tri Pointe Homes by 49.9% during the 4th quarter. Allianz Asset Management GmbH now owns 439,344 shares of the construction company’s stock valued at $15,553,000 after purchasing an additional 146,307 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TPH. Wedbush reaffirmed a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, July 25th. Royal Bank of Canada increased their target price on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer upped their target price on Tri Pointe Homes from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.00.

Tri Pointe Homes Price Performance

NYSE TPH opened at $40.33 on Tuesday. The company has a 50 day simple moving average of $40.07 and a 200-day simple moving average of $37.76. Tri Pointe Homes, Inc. has a 52-week low of $24.18 and a 52-week high of $47.78. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 0.67 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.60 earnings per share. Tri Pointe Homes’s quarterly revenue was up 38.3% compared to the same quarter last year. Equities research analysts predict that Tri Pointe Homes, Inc. will post 4.64 earnings per share for the current fiscal year.

Insider Activity

In other Tri Pointe Homes news, CFO Glenn J. Keeler sold 24,200 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the sale, the chief financial officer now owns 149,108 shares of the company’s stock, valued at $6,882,825.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

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.