Tri Pointe Homes Inc. $TPH Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 35.7% during the 2nd quarter, Holdings Channel reports. The firm owned 459,499 shares of the construction company’s stock after selling 254,651 shares during the quarter. Fisher Asset Management LLC’s holdings in Tri Pointe Homes were worth $14,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TPH. Lido Advisors LLC grew its stake in Tri Pointe Homes by 11.1% in the 2nd quarter. Lido Advisors LLC now owns 8,832 shares of the construction company’s stock valued at $282,000 after acquiring an additional 880 shares during the period. Norges Bank purchased a new position in Tri Pointe Homes during the second quarter valued at $888,000. Hsbc Holdings PLC grew its position in shares of Tri Pointe Homes by 21.6% in the second quarter. Hsbc Holdings PLC now owns 58,982 shares of the construction company’s stock valued at $1,884,000 after purchasing an additional 10,463 shares during the period. Capital Fund Management S.A. increased its stake in shares of Tri Pointe Homes by 130.3% during the second quarter. Capital Fund Management S.A. now owns 53,250 shares of the construction company’s stock worth $1,701,000 after purchasing an additional 30,129 shares in the last quarter. Finally, Aristides Capital LLC acquired a new position in shares of Tri Pointe Homes during the 2nd quarter worth about $250,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Trading Up 1.1%

TPH opened at $34.41 on Thursday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.88 and a beta of 1.33. The company’s 50 day simple moving average is $32.54 and its two-hundred day simple moving average is $32.78. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $43.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.51 by $0.20. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The firm had revenue of $836.87 million during the quarter, compared to analysts’ expectations of $782.22 million. During the same quarter last year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was down 26.6% on a year-over-year basis. Analysts expect that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TPH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Thursday, October 30th. Wall Street Zen raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $34.00 price target (down from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.25.

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.