Natixis Advisors LLC Buys 14,337 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Natixis Advisors LLC lifted its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 33.5% during the third quarter, Holdings Channel reports. The fund owned 57,077 shares of the construction company’s stock after acquiring an additional 14,337 shares during the quarter. Natixis Advisors LLC’s holdings in Tri Pointe Homes were worth $2,586,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC acquired a new position in Tri Pointe Homes during the second quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new stake in Tri Pointe Homes during the third quarter valued at about $45,000. GAMMA Investing LLC grew its holdings in Tri Pointe Homes by 63.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after buying an additional 588 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Tri Pointe Homes by 31.7% in the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after acquiring an additional 427 shares during the last quarter. Finally, CWM LLC boosted its holdings in Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after purchasing an additional 920 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the completion of the sale, the general counsel now owns 85,792 shares in the company, valued at $3,798,869.76. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TPH has been the topic of several research reports. Royal Bank of Canada dropped their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, October 24th. Oppenheimer decreased their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report 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 price target on the stock in a report on Tuesday, September 17th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tri Pointe Homes has an average rating of “Moderate Buy” and an average price target of $45.75.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $42.62 on Monday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 1 year low of $28.74 and a 1 year high of $47.78. The firm has a 50 day moving average of $43.26 and a 200-day moving average of $41.54.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. As a group, sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

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.