Mutual of America Capital Management LLC Trims Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Mutual of America Capital Management LLC lowered its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 9.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,077 shares of the construction company’s stock after selling 1,518 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tri Pointe Homes were worth $638,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TPH. Assenagon Asset Management S.A. increased its holdings in shares of Tri Pointe Homes by 260.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock worth $64,216,000 after buying an additional 1,024,425 shares during the last quarter. Millennium Management LLC increased its stake in Tri Pointe Homes by 14.1% in the second quarter. Millennium Management LLC now owns 925,498 shares of the construction company’s stock valued at $34,475,000 after acquiring an additional 114,244 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Tri Pointe Homes by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 916,372 shares of the construction company’s stock valued at $34,135,000 after acquiring an additional 31,041 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Tri Pointe Homes by 149.5% during the second quarter. Cubist Systematic Strategies LLC now owns 534,406 shares of the construction company’s stock valued at $19,907,000 after purchasing an additional 320,221 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Tri Pointe Homes by 1,417.8% during the second quarter. Renaissance Technologies LLC now owns 443,736 shares of the construction company’s stock worth $16,529,000 after purchasing an additional 414,500 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.

Tri Pointe Homes Price Performance

NYSE TPH opened at $43.64 on Wednesday. The company has a 50-day moving average price of $43.23 and a 200-day moving average price of $41.62. Tri Pointe Homes, Inc. has a 52 week low of $28.74 and a 52 week high of $47.78. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $4.08 billion, a P/E ratio of 9.05, a PEG ratio of 0.69 and a beta of 1.60.

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, topping 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 for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. Equities research analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analyst Weigh In

TPH has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a research note on Tuesday, September 17th. Oppenheimer reduced their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Wedbush reissued a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $45.75.

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.