Barclays PLC Acquires 106,543 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Barclays PLC grew its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 103.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 209,239 shares of the construction company’s stock after purchasing an additional 106,543 shares during the quarter. Barclays PLC owned about 0.22% of Tri Pointe Homes worth $9,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in Tri Pointe Homes in the third quarter valued at about $45,000. Blue Trust Inc. grew its position in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after buying an additional 427 shares during the period. Quarry LP increased its stake in shares of Tri Pointe Homes by 123.3% in the 2nd quarter. Quarry LP now owns 2,401 shares of the construction company’s stock valued at $89,000 after acquiring an additional 1,326 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Tri Pointe Homes by 75.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock valued at $121,000 after acquiring an additional 1,149 shares during the period. Finally, CWM LLC raised its position in shares of Tri Pointe Homes by 39.3% in the 3rd quarter. CWM LLC now owns 3,092 shares of the construction company’s stock valued at $140,000 after acquiring an additional 872 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Trading Down 2.3 %

Shares of NYSE:TPH opened at $38.17 on Wednesday. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 0.64 and a beta of 1.60. Tri Pointe Homes, Inc. has a 12 month low of $32.79 and a 12 month high of $47.78. The company’s fifty day simple moving average is $42.29 and its 200 day simple moving average is $41.90. 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 released its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The company’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, research analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 77,384 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.15, for a total value of $3,029,583.60. Following the sale, the chief operating officer now directly owns 708,159 shares in the company, valued at $27,724,424.85. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TPH shares. Royal Bank of Canada decreased their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a report on Tuesday, September 17th. Wedbush reaffirmed a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Oppenheimer lowered their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.

Tri Pointe Homes Company 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.