Oliver Luxxe Assets LLC Has $1.14 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Oliver Luxxe Assets LLC boosted its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,399 shares of the construction company’s stock after purchasing an additional 354 shares during the period. Oliver Luxxe Assets LLC’s holdings in Tri Pointe Homes were worth $1,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new position in Tri Pointe Homes in the 4th quarter valued at approximately $35,000. Evermay Wealth Management LLC bought a new position in shares of Tri Pointe Homes during the fourth quarter valued at $35,000. GAMMA Investing LLC bought a new position in shares of Tri Pointe Homes during the fourth quarter valued at $41,000. Assetmark Inc. raised its stake in shares of Tri Pointe Homes by 29,825.0% during the fourth quarter. Assetmark Inc. now owns 1,197 shares of the construction company’s stock valued at $42,000 after acquiring an additional 1,193 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Tri Pointe Homes by 105.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock valued at $48,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TPH. StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada lifted their target price on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Wedbush restated a “neutral” rating and issued a $35.00 price target on shares of Tri Pointe Homes in a report on Thursday, April 25th. Finally, Oppenheimer raised 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Insider Activity

In other news, CEO Douglas F. Bauer sold 56,567 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.78, for a total value of $2,250,235.26. Following the sale, the chief executive officer now owns 677,816 shares of the company’s stock, valued at $26,963,520.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Tri Pointe Homes Stock Down 2.1 %

Shares of NYSE TPH traded down $0.78 during mid-day trading on Monday, reaching $36.47. 305,208 shares of the company’s stock traded hands, compared to its average volume of 954,587. The stock has a market cap of $3.46 billion, a P/E ratio of 9.93, a PEG ratio of 0.64 and a beta of 1.59. The business has a 50-day simple moving average of $38.08 and a 200 day simple moving average of $36.25. Tri Pointe Homes, Inc. has a 1-year low of $24.18 and a 1-year high of $40.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.99.

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

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.