EFG Asset Management North America Corp. Has $1.42 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

EFG Asset Management North America Corp. lifted its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 57.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,090 shares of the construction company’s stock after buying an additional 14,679 shares during the period. EFG Asset Management North America Corp.’s holdings in Tri Pointe Homes were worth $1,419,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in Tri Pointe Homes by 21.5% in the fourth 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. Janney Montgomery Scott LLC raised its holdings in Tri Pointe Homes by 73.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,538 shares of the construction company’s stock valued at $550,000 after buying an additional 6,581 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Tri Pointe Homes during the 4th quarter worth approximately $213,000. QRG Capital Management Inc. grew its holdings in Tri Pointe Homes by 16.4% during the 4th quarter. QRG Capital Management Inc. now owns 38,199 shares of the construction company’s stock worth $1,352,000 after acquiring an additional 5,382 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC grew its holdings in Tri Pointe Homes by 27.2% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 5,997 shares of the construction company’s stock worth $212,000 after acquiring an additional 1,282 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Stock Down 1.7 %

Shares of NYSE TPH traded down $0.68 during trading on Thursday, hitting $39.90. 584,300 shares of the company traded hands, compared to its average volume of 1,017,888. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.68 and a beta of 1.54. The business’s fifty day moving average is $36.83 and its 200 day moving average is $34.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.99 and a current ratio of 1.99. Tri Pointe Homes, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $40.98.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wedbush reiterated a “neutral” rating and issued a $35.00 price target on shares of Tri Pointe Homes in a research report on Thursday, April 25th. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada boosted their target price on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Insiders Place Their Bets

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following 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 this hyperlink. In related news, CEO Douglas F. Bauer sold 56,567 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas J. Mitchell sold 51,533 shares of Tri Pointe Homes stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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.