Healthcare of Ontario Pension Plan Trust Fund raised its position in Tri Pointe Homes, Inc. (NYSE:TPH – Free Report) by 22.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 315,100 shares of the construction company’s stock after purchasing an additional 57,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Tri Pointe Homes were worth $14,277,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Bridgewater Associates LP grew its holdings in Tri Pointe Homes by 476.3% in the third quarter. Bridgewater Associates LP now owns 174,719 shares of the construction company’s stock valued at $7,917,000 after purchasing an additional 144,403 shares during the last quarter. Quantbot Technologies LP grew its holdings in Tri Pointe Homes by 562.0% in the third quarter. Quantbot Technologies LP now owns 147,238 shares of the construction company’s stock valued at $6,671,000 after purchasing an additional 124,998 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Tri Pointe Homes in the third quarter valued at $184,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of Tri Pointe Homes by 87.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 34,061 shares of the construction company’s stock valued at $1,543,000 after acquiring an additional 15,936 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Tri Pointe Homes by 0.8% during the third quarter. Fisher Asset Management LLC now owns 725,537 shares of the construction company’s stock valued at $32,874,000 after acquiring an additional 6,079 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Tri Pointe Homes Stock Performance
Tri Pointe Homes stock opened at $43.62 on Friday. The stock’s 50-day moving average is $43.16 and its 200-day moving average is $41.65. The company has a market cap 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. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. Tri Pointe Homes, Inc. has a 12 month low of $28.74 and a 12 month high of $47.78.
Insider Activity at Tri Pointe Homes
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 stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on TPH shares. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a research note on Tuesday, September 17th. Royal Bank of Canada decreased their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer decreased their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Wedbush reissued a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tri Pointe Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.
Check Out Our Latest Analysis on TPH
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.
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