Orion Portfolio Solutions LLC Boosts Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Orion Portfolio Solutions LLC lifted its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 73.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,107 shares of the construction company’s stock after buying an additional 13,210 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Tri Pointe Homes were worth $1,409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Tri Pointe Homes by 260.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock worth $64,216,000 after acquiring an additional 1,024,425 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Tri Pointe Homes by 1,417.8% during the second quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company’s stock worth $16,529,000 after purchasing an additional 414,500 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Tri Pointe Homes during the 3rd quarter worth about $16,066,000. Cubist Systematic Strategies LLC lifted its stake in Tri Pointe Homes by 149.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company’s stock valued at $19,907,000 after buying an additional 320,221 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Tri Pointe Homes in the 2nd quarter worth about $9,599,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wedbush reissued a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, October 24th. Oppenheimer reduced their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada lowered their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price for the company in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.75.

Tri Pointe Homes Price Performance

NYSE:TPH opened at $39.03 on Friday. Tri Pointe Homes, Inc. has a one year low of $32.63 and a one year high of $47.78. The stock has a market cap of $3.65 billion, a PE ratio of 8.10, a P/E/G ratio of 0.66 and a beta of 1.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50 day moving average price of $42.59 and a 200 day moving average price of $41.83.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. Equities research analysts expect that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

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.