XTX Topco Ltd Takes Position in Tri Pointe Homes, Inc. (NYSE:TPH)

XTX Topco Ltd acquired a new position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,244 shares of the construction company’s stock, valued at approximately $645,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TPH. CWM LLC grew its holdings in shares of Tri Pointe Homes by 70.8% during the second quarter. CWM LLC now owns 2,220 shares of the construction company’s stock worth $83,000 after purchasing an additional 920 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Tri Pointe Homes by 4.2% during the second quarter. Diversified Trust Co now owns 13,308 shares of the construction company’s stock worth $496,000 after purchasing an additional 536 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Tri Pointe Homes during the second quarter worth about $254,000. Blue Trust Inc. grew its holdings in shares of Tri Pointe Homes by 31.7% during the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock worth $69,000 after purchasing an additional 427 shares in the last quarter. Finally, Gradient Investments LLC purchased a new stake in Tri Pointe Homes in the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $40.08 on Friday. The firm has a market cap of $3.75 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. Tri Pointe Homes, Inc. has a fifty-two week low of $30.27 and a fifty-two week high of $47.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The business has a 50 day moving average price of $42.68 and a 200-day moving average price of $41.84.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Equities research analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TPH shares. 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 research note on Tuesday, September 17th. Wedbush reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada cut their target price on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Oppenheimer cut their target price on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. 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’s stock. According to data from MarketBeat, Tri Pointe Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.

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.