Axa S.A. Has $4.27 Million Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Axa S.A. increased its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 10.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 114,582 shares of the construction company’s stock after purchasing an additional 11,164 shares during the period. Axa S.A.’s holdings in Tri Pointe Homes were worth $4,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Tri Pointe Homes in the fourth quarter valued at $22,862,000. Renaissance Technologies LLC lifted 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 worth $16,529,000 after acquiring an additional 414,500 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in Tri Pointe Homes by 149.5% during 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 during the period. Jane Street Group LLC boosted its position in Tri Pointe Homes by 171.3% during the 1st 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. Finally, Allianz Asset Management GmbH grew its stake in Tri Pointe Homes by 49.9% during the 4th quarter. Allianz Asset Management GmbH now owns 439,344 shares of the construction company’s stock valued at $15,553,000 after acquiring an additional 146,307 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

TPH stock opened at $45.01 on Monday. The firm has a 50 day moving average of $43.58 and a two-hundred day moving average of $39.80. Tri Pointe Homes, Inc. has a 12 month low of $24.18 and a 12 month high of $47.78. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.74 and a beta of 1.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.30.

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

Insider Transactions at Tri Pointe Homes

In related news, CFO Glenn J. Keeler sold 24,200 shares of the firm’s stock in a transaction that occurred 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 directly owns 149,108 shares of the company’s stock, valued at approximately $6,882,825.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tri Pointe Homes news, CFO Glenn J. Keeler sold 24,200 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $46.16, for a total transaction of $1,117,072.00. Following the transaction, the chief financial officer now owns 149,108 shares in the company, valued at $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 that occurred on 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 transaction, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TPH. Wedbush reissued a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday, July 25th. Zelman & Associates upgraded shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price for the company in a research report on Tuesday, September 17th. Evercore ISI raised shares of Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Oppenheimer upped their price target on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada increased their price objective on Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average 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.