Massachusetts Financial Services Co. MA Purchases New Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Massachusetts Financial Services Co. MA purchased a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,687 shares of the construction company’s stock, valued at approximately $324,000.

Several other large investors have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC acquired a new stake in shares of Tri Pointe Homes in the first quarter valued at approximately $25,000. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes in the second quarter valued at approximately $30,000. Evermay Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes in the fourth quarter valued at approximately $35,000. Assetmark Inc. lifted its position in shares of Tri Pointe Homes by 29,825.0% in the fourth quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after buying an additional 1,193 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Tri Pointe Homes by 63.1% in the second 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. 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 firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction on Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the transaction, the chief financial officer now owns 149,108 shares in the company, valued at approximately $6,882,825.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes 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 transaction, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $45.25 on Tuesday. The stock has a 50 day simple moving average of $43.58 and a 200 day simple moving average of $39.55. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $47.78. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.29 billion, a P/E ratio of 12.07, a PEG ratio of 0.73 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.60 EPS. The company’s revenue was up 38.3% on a year-over-year basis. Research analysts anticipate that Tri Pointe Homes, Inc. will post 4.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TPH shares. 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 report on Tuesday, September 17th. Royal Bank of Canada lifted their price target on Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wedbush reissued a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, July 25th. Oppenheimer lifted their price target on Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a report on Friday, July 26th. Two 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, Tri Pointe Homes presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Tri Pointe Homes Company Profile

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.