Dimensional Fund Advisors LP Sells 140,524 Shares of Tri Pointe Homes Inc. $TPH

Dimensional Fund Advisors LP reduced its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,079,918 shares of the construction company’s stock after selling 140,524 shares during the quarter. Dimensional Fund Advisors LP owned about 7.07% of Tri Pointe Homes worth $206,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TPH. Harbor Capital Advisors Inc. increased its holdings in shares of Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after buying an additional 345 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after buying an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after acquiring an additional 401 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Tri Pointe Homes in the third quarter worth $64,000. Finally, EverSource Wealth Advisors LLC grew its position in Tri Pointe Homes by 104.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,100 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $46.37 on Friday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.95 billion, a PE ratio of 17.05, a PEG ratio of 1.38 and a beta of 1.34. The company’s fifty day moving average is $37.97 and its 200 day moving average is $34.95. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $46.62.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The business had revenue of $972.63 million during the quarter, compared to analyst estimates of $917.86 million. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s revenue was down 22.5% on a year-over-year basis. Research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TPH. Citigroup initiated coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Royal Bank Of Canada raised their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, Citizens Jmp assumed coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 target price for the company. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.50.

Insider Buying and Selling at Tri Pointe Homes

In other news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the sale, the director owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.