Axa S.A. Decreases Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Axa S.A. lessened its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 91.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,225 shares of the construction company’s stock after selling 103,127 shares during the period. Axa S.A.’s holdings in Tri Pointe Homes were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TPH. Barclays PLC raised its stake in shares of Tri Pointe Homes by 103.7% during the 3rd quarter. Barclays PLC now owns 209,239 shares of the construction company’s stock worth $9,480,000 after acquiring an additional 106,543 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Tri Pointe Homes by 1.4% during the third quarter. Franklin Resources Inc. now owns 712,673 shares of the construction company’s stock worth $31,971,000 after purchasing an additional 9,542 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of Tri Pointe Homes during the 4th quarter valued at $233,000. Park Avenue Securities LLC boosted its position in shares of Tri Pointe Homes by 7.4% in the 4th quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company’s stock worth $232,000 after purchasing an additional 444 shares in the last quarter. Finally, Burney Co. grew its stake in Tri Pointe Homes by 61.1% during the 4th quarter. Burney Co. now owns 64,217 shares of the construction company’s stock worth $2,329,000 after buying an additional 24,358 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business’s stock in a transaction on Monday, April 28th. The shares were sold at an average price of $30.15, for a total value of $3,626,653.05. Following the completion of the transaction, the chief executive officer now directly owns 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

Tri Pointe Homes Trading Down 1.0 %

Shares of Tri Pointe Homes stock opened at $31.45 on Friday. Tri Pointe Homes, Inc. has a 1 year low of $27.90 and a 1 year high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The stock has a market cap of $2.85 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The firm has a fifty day moving average price of $31.03 and a 200 day moving average price of $35.66.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. The business had revenue of $720.79 million during the quarter, compared to analysts’ expectations of $713.65 million. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The company’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Equities research analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on TPH shares. Seaport Res Ptn raised Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wedbush raised shares of Tri Pointe Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $38.00 to $43.00 in a research report on Monday, April 28th. Royal Bank of Canada cut shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Evercore ISI dropped their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Oppenheimer reduced their target price on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tri Pointe Homes has an average rating of “Moderate Buy” and an average target price of $41.60.

Tri Pointe Homes 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.