Skandinaviska Enskilda Banken AB publ Sells 43,415 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 43.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,518 shares of the construction company’s stock after selling 43,415 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Tri Pointe Homes were worth $2,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPH. Smartleaf Asset Management LLC increased its stake in Tri Pointe Homes by 84.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company’s stock valued at $49,000 after purchasing an additional 613 shares in the last quarter. Assetmark Inc. boosted its holdings in Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after acquiring an additional 300 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Tri Pointe Homes by 562.1% during the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,900 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Tri Pointe Homes by 51.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock worth $84,000 after acquiring an additional 789 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Tri Pointe Homes by 72.8% during the 4th quarter. Blue Trust Inc. now owns 4,093 shares of the construction company’s stock worth $148,000 after acquiring an additional 1,725 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

TPH has been the topic of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI cut their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Oppenheimer cut their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tri Pointe Homes has an average rating of “Moderate Buy” and a consensus target price of $40.60.

Tri Pointe Homes Price Performance

NYSE TPH opened at $31.52 on Monday. The company has a market cap of $2.89 billion, a PE ratio of 6.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. Tri Pointe Homes, Inc. has a 52 week low of $30.25 and a 52 week high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $34.65 and its two-hundred day simple moving average is $39.43.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.30 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. Research analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its board has approved a stock buyback plan on Wednesday, December 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 7.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

About Tri Pointe Homes

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.