Assenagon Asset Management S.A. Has $3.21 Million Position in Tri Pointe Homes Inc. $TPH

Assenagon Asset Management S.A. cut its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 79.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,948 shares of the construction company’s stock after selling 403,392 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Tri Pointe Homes were worth $3,208,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TPH. Harbor Capital Advisors Inc. raised its position in shares of Tri Pointe Homes by 45.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after acquiring an additional 345 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Tri Pointe Homes by 0.6% during the third quarter. Federated Hermes Inc. now owns 63,082 shares of the construction company’s stock worth $2,143,000 after purchasing an additional 373 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Tri Pointe Homes by 33.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after purchasing an additional 401 shares during the period. GAMMA Investing LLC increased its holdings in Tri Pointe Homes by 13.3% in the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the construction company’s stock valued at $109,000 after purchasing an additional 409 shares during the last quarter. Finally, Amundi lifted its stake in Tri Pointe Homes by 2.8% in the third quarter. Amundi now owns 15,548 shares of the construction company’s stock valued at $527,000 after buying an additional 419 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Oppenheimer cut Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Royal Bank Of Canada upped their price target on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Citizens Jmp began coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective for the company. Finally, Citigroup began coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.50.

Insider Transactions at Tri Pointe Homes

In related news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Tri Pointe Homes Stock Performance

TPH stock opened at $46.72 on Monday. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $46.76. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.98 billion, a PE ratio of 17.17, a P/E/G ratio of 1.39 and a beta of 1.33. The business’s 50-day moving average price is $41.98 and its two-hundred day moving average price is $36.12.

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

Tri Pointe Homes Company Profile

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.