Voya Investment Management LLC Purchases 61,373 Shares of Tri Pointe Homes Inc. $TPH

by · The Markets Daily

Voya Investment Management LLC boosted its position in shares of Tri Pointe Homes Inc. (NYSE:TPH – Free Report) by 24.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 316,987 shares of the construction company’s stock after buying an additional 61,373 shares during the quarter. Voya Investment Management LLC’s holdings in Tri Pointe Homes were worth $10,768,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TPH. Raymond James Financial Inc. boosted its stake in shares of Tri Pointe Homes by 14.1% in the 1st quarter. Raymond James Financial Inc. now owns 419,832 shares of the construction company’s stock valued at $13,402,000 after purchasing an additional 51,862 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Tri Pointe Homes by 86.2% in the first quarter. Hsbc Holdings PLC now owns 48,519 shares of the construction company’s stock valued at $1,541,000 after buying an additional 22,462 shares during the period. Smartleaf Asset Management LLC boosted its stake in Tri Pointe Homes by 56.5% in the first quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock valued at $67,000 after acquiring an additional 757 shares during the last quarter. Jump Financial LLC acquired a new stake in Tri Pointe Homes during the 1st quarter worth $1,261,000. Finally, Rafferty Asset Management LLC grew its holdings in Tri Pointe Homes by 5.3% during the 1st quarter. Rafferty Asset Management LLC now owns 66,612 shares of the construction company’s stock worth $2,126,000 after acquiring an additional 3,329 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock opened at $31.70 on Wednesday. The stock’s fifty day simple moving average is $32.54 and its 200 day simple moving average is $33.08. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.72 billion, a PE ratio of 9.35, a PEG ratio of 0.83 and a beta of 1.33. Tri Pointe Homes Inc. has a 12 month low of $27.90 and a 12 month high of $38.96.

Tri Pointe Homes (NYSE:TPH – Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.20. The company had revenue of $836.87 million during the quarter, compared to the consensus estimate of $782.22 million. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The company’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 earnings per share. On average, research analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Analyst Ratings Changes

TPH has been the topic of several recent research reports. Wall Street Zen upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Thursday, October 30th. Finally, Evercore ISI restated an “in-line” rating and set a $34.00 target price (down from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

Read Our Latest Stock Analysis on Tri Pointe Homes

Tri Pointe Homes Company Profile

(Free Report)

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.

See Also

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