Tri Pointe Homes, Inc. (NYSE:TPH) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 476.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,719 shares of the construction company’s stock after acquiring an additional 144,403 shares during the quarter. Bridgewater Associates LP owned approximately 0.19% of Tri Pointe Homes worth $7,917,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Gradient Investments LLC purchased a new position in shares of Tri Pointe Homes in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC purchased a new stake in shares of Tri Pointe Homes in the third quarter valued at approximately $45,000. GAMMA Investing LLC raised its stake in shares of Tri Pointe Homes by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock worth $57,000 after buying an additional 588 shares during the period. Blue Trust Inc. raised its stake in shares of Tri Pointe Homes by 31.7% during the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after buying an additional 427 shares during the period. Finally, CWM LLC lifted its position in shares of Tri Pointe Homes by 70.8% during the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company’s stock valued at $83,000 after buying an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wedbush restated a “neutral” rating and set a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer lowered their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price for the company in a report on Tuesday, September 17th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average price target of $45.75.

Tri Pointe Homes Price Performance

Shares of NYSE TPH opened at $43.62 on Friday. The firm has a 50-day simple moving average of $43.16 and a 200-day simple moving average of $41.65. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.60. Tri Pointe Homes, Inc. has a 52 week low of $28.74 and a 52 week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. On average, equities analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the general counsel now directly owns 85,792 shares in the company, valued at approximately $3,798,869.76. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

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.