Bamco Inc. NY Makes New $3.30 Million Investment in Tri Pointe Homes, Inc. (NYSE:TPH)

Bamco Inc. NY purchased a new position in Tri Pointe Homes, Inc. (NYSE:TPH) in the first quarter, Holdings Channel.com reports. The firm purchased 85,220 shares of the construction company’s stock, valued at approximately $3,295,000.

Other institutional investors have also bought and sold shares of the company. Oliver Luxxe Assets LLC boosted its holdings in shares of Tri Pointe Homes by 1.2% during the 1st quarter. Oliver Luxxe Assets LLC now owns 29,399 shares of the construction company’s stock valued at $1,137,000 after purchasing an additional 354 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Tri Pointe Homes by 1.5% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,094 shares of the construction company’s stock valued at $959,000 after purchasing an additional 376 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Tri Pointe Homes by 21.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,748 shares of the construction company’s stock valued at $97,000 after purchasing an additional 487 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Tri Pointe Homes during the 1st quarter valued at about $25,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Tri Pointe Homes by 105.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock valued at $48,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

TPH has been the subject of several research reports. Oppenheimer increased their price objective on shares of Tri Pointe Homes from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Friday. Wedbush reissued a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday. Royal Bank of Canada increased their price target on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Friday. Finally, StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Tri Pointe Homes has a consensus rating of “Moderate Buy” and an average price target of $45.50.

Insiders Place Their Bets

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 56,567 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.78, for a total value of $2,250,235.26. Following the completion of the sale, the chief executive officer now owns 677,816 shares of the company’s stock, valued at $26,963,520.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Tri Pointe Homes Trading Down 0.0 %

Shares of NYSE:TPH traded down $0.02 during trading on Monday, reaching $46.10. The company’s stock had a trading volume of 380,820 shares, compared to its average volume of 961,077. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes, Inc. has a 12 month low of $24.18 and a 12 month high of $47.78. The firm’s 50 day simple moving average is $39.15 and its two-hundred day simple moving average is $37.15. The stock has a market capitalization of $4.31 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 0.76 and a beta of 1.59.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.16. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.07 billion. Tri Pointe Homes had a net margin of 10.28% and a return on equity of 14.03%. The firm’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. On average, research analysts predict that Tri Pointe Homes, Inc. will post 4.66 EPS for the current fiscal year.

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.