Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 87.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,061 shares of the construction company’s stock after acquiring an additional 15,936 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Tri Pointe Homes were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in TPH. Gradient Investments LLC acquired a new stake in shares of Tri Pointe Homes during the 2nd quarter valued at about $30,000. Reston Wealth Management LLC purchased a new position in Tri Pointe Homes during the third quarter worth approximately $45,000. GAMMA Investing LLC grew its holdings in Tri Pointe Homes by 63.1% in the second quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company’s stock valued at $57,000 after purchasing an additional 588 shares during the period. Blue Trust Inc. increased its position in shares of Tri Pointe Homes by 31.7% in the second quarter. Blue Trust Inc. now owns 1,774 shares of the construction company’s stock valued at $69,000 after buying an additional 427 shares in the last quarter. Finally, CWM LLC raised its stake 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 worth $83,000 after buying an additional 920 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wedbush reissued a “neutral” rating and issued a $42.00 price target on shares of Tri Pointe Homes in a report on Thursday, October 24th. Zelman & Associates raised shares of 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. 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, Royal Bank of Canada cut their price objective 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.75.

Tri Pointe Homes Stock Performance

TPH opened at $44.62 on Tuesday. The firm has a market capitalization of $4.18 billion, a PE ratio of 9.26, a PEG ratio of 0.69 and a beta of 1.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a twelve month low of $28.74 and a twelve month high of $47.78. The firm’s 50-day moving average price is $43.26 and its 200 day moving average price is $41.59.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. As a group, sell-side analysts expect that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes 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 transaction, the general counsel now directly owns 85,792 shares of the company’s stock, valued at $3,798,869.76. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is 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.