Charles Schwab Investment Management Inc. Grows Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Charles Schwab Investment Management Inc. lifted its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 11.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,165,651 shares of the construction company’s stock after buying an additional 115,099 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tri Pointe Homes were worth $52,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its position in Tri Pointe Homes by 19.2% in the 3rd quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock worth $9,450,000 after purchasing an additional 33,629 shares in the last quarter. SG Americas Securities LLC grew its position in Tri Pointe Homes by 3,110.4% during the second quarter. SG Americas Securities LLC now owns 107,710 shares of the construction company’s stock valued at $4,012,000 after buying an additional 104,355 shares during the period. Federated Hermes Inc. increased its holdings in Tri Pointe Homes by 10,048.1% in the second quarter. Federated Hermes Inc. now owns 35,011 shares of the construction company’s stock valued at $1,304,000 after buying an additional 34,666 shares in the last quarter. Jane Street Group LLC increased its holdings in Tri Pointe Homes by 171.3% in the first quarter. Jane Street Group LLC now owns 293,636 shares of the construction company’s stock valued at $11,352,000 after buying an additional 185,395 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Tri Pointe Homes by 14.1% in the second quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock worth $34,475,000 after acquiring an additional 114,244 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Tri Pointe Homes Trading Down 0.2 %

Shares of TPH opened at $43.53 on Friday. Tri Pointe Homes, Inc. has a 52-week low of $28.74 and a 52-week high of $47.78. The stock has a market cap of $4.07 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60. The firm’s fifty day moving average is $43.14 and its two-hundred day moving average is $41.69. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.11. The company 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%. Tri Pointe Homes’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Research analysts forecast that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Oppenheimer cut their price target on 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 decreased their target price on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wedbush reissued a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, October 24th. Finally, Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.75.

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.