7,110 Shares in Tri Pointe Homes, Inc. (NYSE:TPH) Bought by Oxford Asset Management LLP

Oxford Asset Management LLP purchased a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPHFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,110 shares of the construction company’s stock, valued at approximately $252,000.

Several other hedge funds have also recently added to or reduced their stakes in TPH. Allspring Global Investments Holdings LLC raised its holdings in Tri Pointe Homes by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,728 shares of the construction company’s stock worth $184,000 after purchasing an additional 1,569 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Tri Pointe Homes in the third quarter worth about $241,000. Victory Capital Management Inc. boosted its position in Tri Pointe Homes by 3.1% during the 3rd quarter. Victory Capital Management Inc. now owns 276,775 shares of the construction company’s stock valued at $7,570,000 after acquiring an additional 8,250 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Tri Pointe Homes by 26.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 727,045 shares of the construction company’s stock worth $19,885,000 after acquiring an additional 153,994 shares during the period. Finally, Versor Investments LP raised its position in shares of Tri Pointe Homes by 163.6% in the 3rd quarter. Versor Investments LP now owns 17,369 shares of the construction company’s stock worth $475,000 after acquiring an additional 10,780 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total value of $1,814,992.26. Following the transaction, the chief operating officer now owns 785,543 shares in the company, valued at approximately $27,666,824.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas F. Bauer sold 56,567 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the transaction, the chief executive officer now owns 677,816 shares of the company’s stock, valued at approximately $26,963,520.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $27,666,824.46. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

TPH has been the topic of several recent research reports. Oppenheimer upped their price target on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Wedbush reiterated a “neutral” rating and issued a $35.00 price target on shares of Tri Pointe Homes in a research note on Thursday, April 25th. Finally, Royal Bank of Canada raised their price objective on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Read Our Latest Stock Report on TPH

Tri Pointe Homes Stock Performance

Shares of NYSE TPH traded up $0.23 during trading on Friday, reaching $38.21. 255,831 shares of the company traded hands, compared to its average volume of 992,295. The firm has a 50 day simple moving average of $37.41 and a 200-day simple moving average of $34.68. Tri Pointe Homes, Inc. has a 52-week low of $24.18 and a 52-week high of $40.98. The stock has a market capitalization of $3.63 billion, a PE ratio of 10.13, a P/E/G ratio of 0.66 and a beta of 1.54. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.45.

Tri Pointe Homes (NYSE:TPHGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The firm had revenue of $918.40 million for the quarter, compared to analysts’ expectations of $867.77 million. During the same period in the prior year, the firm earned $0.73 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current year.

About Tri Pointe Homes

(Free Report)

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.

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Institutional Ownership by Quarter for Tri Pointe Homes (NYSE:TPH)

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