Virtu Financial LLC Invests $343,000 in Tri Pointe Homes, Inc. (NYSE:TPH)

Virtu Financial LLC acquired a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,562 shares of the construction company’s stock, valued at approximately $343,000.

Several other institutional investors and hedge funds have also made changes to their positions in TPH. Reston Wealth Management LLC acquired a new stake in Tri Pointe Homes during the third quarter worth about $45,000. Blue Trust Inc. increased its holdings 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 last quarter. CWM LLC raised 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 during the period. Quarry LP lifted its holdings in Tri Pointe Homes by 123.3% in the second quarter. Quarry LP now owns 2,401 shares of the construction company’s stock valued at $89,000 after acquiring an additional 1,326 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Tri Pointe Homes by 75.6% in the third quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock worth $121,000 after acquiring an additional 1,149 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock opened at $39.07 on Tuesday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 0.64 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. The business has a 50-day moving average of $42.40 and a 200 day moving average of $41.90. Tri Pointe Homes, Inc. has a 12 month low of $32.79 and a 12 month high of $47.78.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11. The business had revenue of $1.11 billion during 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 for the quarter was up 34.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. As a group, sell-side analysts forecast that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Tri Pointe Homes Company 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.