Daiwa Securities Group Inc. Buys New Shares in Tri Pointe Homes, Inc. (NYSE:TPH)

Daiwa Securities Group Inc. bought a new stake in Tri Pointe Homes, Inc. (NYSE:TPH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the construction company’s stock, valued at approximately $35,000.

Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Tri Pointe Homes by 105.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock worth $48,000 after buying an additional 700 shares during the last quarter. Blue Trust Inc. increased its position in Tri Pointe Homes by 73.8% during the fourth quarter. Blue Trust Inc. now owns 1,766 shares of the construction company’s stock worth $63,000 after buying an additional 750 shares during the last quarter. Planned Solutions Inc. acquired a new position in Tri Pointe Homes during the fourth quarter worth approximately $113,000. Cerity Partners LLC acquired a new position in Tri Pointe Homes during the fourth quarter worth approximately $206,000. Finally, Allspring Global Investments Holdings LLC increased its position in Tri Pointe Homes by 30.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the construction company’s stock worth $184,000 after buying an additional 1,569 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Trading Up 2.9 %

Shares of TPH stock opened at $37.88 on Monday. The company has a current ratio of 1.99, a quick ratio of 2.11 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.62 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The stock has a 50 day simple moving average of $35.79 and a 200 day simple moving average of $33.01. Tri Pointe Homes, Inc. has a 1 year low of $24.18 and a 1 year high of $39.08.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.34. The business had revenue of $918.40 million during the quarter, compared to analysts’ expectations of $867.77 million. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. On average, research analysts predict that Tri Pointe Homes, Inc. will post 3.65 earnings per share for the current fiscal year.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the sale, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TPH has been the topic of a number of recent analyst reports. Oppenheimer boosted their price target on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank of Canada boosted their price objective on Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wedbush restated a “neutral” rating and set a $35.00 price objective on shares of Tri Pointe Homes in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.60.

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.