Fisher Asset Management LLC Has $32.87 Million Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Fisher Asset Management LLC boosted its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 725,537 shares of the construction company’s stock after purchasing an additional 6,079 shares during the period. Fisher Asset Management LLC’s holdings in Tri Pointe Homes were worth $32,874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Raymond James & Associates increased its position in Tri Pointe Homes by 19.2% during the third quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock worth $9,450,000 after acquiring an additional 33,629 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Tri Pointe Homes by 3,110.4% during the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock valued at $4,012,000 after acquiring an additional 104,355 shares during the period. Federated Hermes Inc. raised its position in Tri Pointe Homes by 10,048.1% in the 2nd quarter. Federated Hermes Inc. now owns 35,011 shares of the construction company’s stock valued at $1,304,000 after purchasing an additional 34,666 shares during the last quarter. Jane Street Group LLC raised 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 buying an additional 185,395 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Tri Pointe Homes by 14.1% in the second quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock worth $34,475,000 after acquiring an additional 114,244 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Tri Pointe Homes Stock Down 2.2 %

Tri Pointe Homes stock opened at $43.64 on Wednesday. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 0.69 and a beta of 1.60. The company’s 50 day simple moving average is $43.23 and its 200 day simple moving average is $41.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. Tri Pointe Homes, Inc. has a fifty-two week low of $28.74 and a fifty-two week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TPH shares. Oppenheimer cut their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Zelman & Associates upgraded shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a report on Tuesday, September 17th. Wedbush reaffirmed a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, October 24th. Finally, Royal Bank of Canada dropped 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 report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned 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 an average price target of $45.75.

Insiders Place Their Bets

In other news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

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.