Tri Pointe Homes Inc. $TPH Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 1,237.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 246,354 shares of the construction company’s stock after buying an additional 227,929 shares during the quarter. SG Americas Securities LLC’s holdings in Tri Pointe Homes were worth $7,753,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TPH. Harbor Capital Advisors Inc. raised its holdings in Tri Pointe Homes by 45.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after acquiring an additional 345 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in Tri Pointe Homes during the 3rd quarter worth approximately $44,000. Farther Finance Advisors LLC increased its position in shares of Tri Pointe Homes by 306.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,043 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares during the last quarter. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Tri Pointe Homes in the 3rd quarter valued at $64,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TPH. Citizens Jmp began coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Oppenheimer downgraded Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Citigroup began coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada upped their price target on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.50.

Insider Buying and Selling

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the transaction, the director owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.20% of the stock is currently owned by company insiders.

Tri Pointe Homes Price Performance

Shares of TPH opened at $46.70 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $46.76. The stock has a market cap of $3.98 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33. The firm has a fifty day moving average price of $42.21 and a 200 day moving average price of $36.19.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The business had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The business’s revenue was down 22.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.