Teacher Retirement System of Texas Purchases 27,879 Shares of Tri Pointe Homes Inc. $TPH

Teacher Retirement System of Texas increased its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 33.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,482 shares of the construction company’s stock after buying an additional 27,879 shares during the period. Teacher Retirement System of Texas’ holdings in Tri Pointe Homes were worth $3,821,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TPH. Harbor Capital Advisors Inc. grew its holdings in Tri Pointe Homes by 45.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after acquiring an additional 345 shares during the period. GAMMA Investing LLC grew its stake in Tri Pointe Homes by 19.6% during the second quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company’s stock worth $76,000 after purchasing an additional 389 shares during the period. Nisa Investment Advisors LLC increased its holdings in Tri Pointe Homes by 33.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after purchasing an additional 401 shares in the last quarter. Merit Financial Group LLC lifted its stake in Tri Pointe Homes by 5.0% in the third quarter. Merit Financial Group LLC now owns 8,795 shares of the construction company’s stock valued at $299,000 after buying an additional 421 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Tri Pointe Homes by 16.6% during the 2nd quarter. Blue Trust Inc. now owns 2,982 shares of the construction company’s stock worth $95,000 after buying an additional 424 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

TPH has been the subject of several research analyst reports. Citigroup started coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Thursday, October 30th. Royal Bank Of Canada set a $31.00 price objective on shares of Tri Pointe Homes in a report on Friday, January 9th. Evercore ISI restated an “in-line” rating and issued a $34.00 target price (down from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. Finally, Citizens Jmp initiated coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.40.

Tri Pointe Homes Stock Down 1.6%

Shares of NYSE TPH opened at $33.29 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01. The company has a 50-day moving average price of $33.24 and a 200-day moving average price of $33.35. The stock has a market capitalization of $2.86 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.01 and a beta of 1.35. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $38.73.

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.