Grantham Mayo Van Otterloo & Co. LLC Has $2.60 Million Stock Holdings in Tri Pointe Homes Inc. $TPH

Grantham Mayo Van Otterloo & Co. LLC boosted its position in Tri Pointe Homes Inc. (NYSE:TPH) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,433 shares of the construction company’s stock after acquiring an additional 12,361 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Tri Pointe Homes were worth $2,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Tri Pointe Homes by 19.1% in the 1st quarter. Royal Bank of Canada now owns 72,740 shares of the construction company’s stock valued at $2,322,000 after purchasing an additional 11,668 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Tri Pointe Homes by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,879 shares of the construction company’s stock worth $1,752,000 after buying an additional 2,398 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Tri Pointe Homes during the second quarter worth approximately $792,000. Wedbush Securities Inc. acquired a new position in Tri Pointe Homes in the second quarter valued at approximately $343,000. Finally, Penserra Capital Management LLC lifted its holdings in Tri Pointe Homes by 15.2% in the second quarter. Penserra Capital Management LLC now owns 16,217 shares of the construction company’s stock valued at $518,000 after buying an additional 2,143 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction dated 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 transaction, the director directly owned 30,330 shares in the company, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Tri Pointe Homes Stock Up 0.2%

Shares of NYSE:TPH opened at $46.40 on Wednesday. The company has a 50 day moving average price of $38.55 and a two-hundred day moving average price of $35.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.63 and a current ratio of 2.63. The company has a market capitalization of $3.95 billion, a PE ratio of 17.06, a PEG ratio of 1.38 and a beta of 1.33. 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 announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. During the same period last year, the firm posted $1.37 earnings per share. The business’s quarterly revenue was down 22.5% compared to the same quarter last year. Analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

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.