LSV Asset Management Decreases Stake in Tri Pointe Homes Inc. $TPH

LSV Asset Management cut its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,644,702 shares of the construction company’s stock after selling 69,500 shares during the quarter. LSV Asset Management’s holdings in Tri Pointe Homes were worth $55,871,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TPH. Harbor Capital Advisors Inc. raised its stake in 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 acquiring an additional 345 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Tri Pointe Homes by 306.8% in the third quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,043 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Tri Pointe Homes by 33.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Tri Pointe Homes by 2,659.4% in the second quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock worth $61,000 after purchasing an additional 1,835 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Tri Pointe Homes by 104.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,100 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Performance

TPH opened at $36.52 on Friday. The firm has a fifty day moving average price of $33.64 and a 200 day moving average price of $33.48. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $37.86. The stock has a market cap of $3.14 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.10 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01.

Analyst Upgrades and Downgrades

TPH has been the topic of several research reports. Citigroup initiated coverage on shares of Tri Pointe Homes in a report 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 research note on Tuesday, January 27th. Citizens Jmp assumed coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 target price for the company. Finally, Royal Bank Of Canada set a $31.00 price target on shares of Tri Pointe Homes in a report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

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.