Yousif Capital Management LLC Has $1.81 Million Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Yousif Capital Management LLC cut its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,042 shares of the construction company’s stock after selling 1,635 shares during the period. Yousif Capital Management LLC’s holdings in Tri Pointe Homes were worth $1,807,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its position in Tri Pointe Homes by 63.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,913,521 shares of the construction company’s stock worth $138,539,000 after purchasing an additional 1,524,401 shares during the period. American Century Companies Inc. lifted its position in Tri Pointe Homes by 21.7% during the third quarter. American Century Companies Inc. now owns 1,683,362 shares of the construction company’s stock worth $46,040,000 after purchasing an additional 300,383 shares during the period. Invesco Ltd. lifted its position in Tri Pointe Homes by 15.1% during the third quarter. Invesco Ltd. now owns 1,042,993 shares of the construction company’s stock worth $28,526,000 after purchasing an additional 137,175 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Tri Pointe Homes by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 986,507 shares of the construction company’s stock worth $26,981,000 after purchasing an additional 3,132 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Tri Pointe Homes by 44.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 800,710 shares of the construction company’s stock worth $21,899,000 after purchasing an additional 246,648 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Activity at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total value of $1,814,992.26. Following the completion of the sale, the chief operating officer now owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $37.47 on Thursday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 0.63 and a beta of 1.54. Tri Pointe Homes, Inc. has a 52 week low of $24.18 and a 52 week high of $39.08. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $35.93 and a 200-day moving average of $33.20.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.69 by $0.34. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. The company had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. During the same quarter last year, the firm posted $0.73 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast that Tri Pointe Homes, Inc. will post 4.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TPH. StockNews.com upgraded shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada increased their target price on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Oppenheimer increased their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Wedbush reissued a “neutral” rating and set a $35.00 target price on shares of Tri Pointe Homes in a research report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.60.

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.