Tri Pointe Homes, Inc. (NYSE:TPH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 83.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,637 shares of the construction company’s stock after selling 264,047 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Tri Pointe Homes worth $2,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in Tri Pointe Homes by 260.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock valued at $64,216,000 after purchasing an additional 1,024,425 shares during the period. Renaissance Technologies LLC grew its stake in Tri Pointe Homes by 1,417.8% in the 2nd quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company’s stock valued at $16,529,000 after acquiring an additional 414,500 shares during the period. Cubist Systematic Strategies LLC increased its holdings 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 worth $19,907,000 after acquiring an additional 320,221 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Tri Pointe Homes in the 2nd quarter worth $9,599,000. Finally, Jane Street Group LLC raised its position in Tri Pointe Homes by 171.3% during the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock worth $11,352,000 after acquiring an additional 185,395 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Trading Up 1.7 %

Shares of Tri Pointe Homes stock opened at $42.67 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The stock’s 50 day simple moving average is $43.43 and its 200-day simple moving average is $41.23. The stock has a market cap of $3.99 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.68 and a beta of 1.60. Tri Pointe Homes, Inc. has a 1-year low of $27.50 and a 1-year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. Analysts predict that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TPH has been the subject of a number of research reports. Oppenheimer cut their target price on shares of 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 cut their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wedbush restated a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research note 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.75.

Insider Activity

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total transaction of $221,400.00. Following the completion of the sale, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

About Tri Pointe Homes

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.