Keeley Teton Advisors LLC cut its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH – Free Report) by 40.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,024 shares of the construction company’s stock after selling 11,009 shares during the period. Keeley Teton Advisors LLC’s holdings in Tri Pointe Homes were worth $438,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of TPH. West Tower Group LLC bought a new stake in shares of Tri Pointe Homes during the 2nd quarter worth approximately $27,000. Ronald Blue Trust Inc. lifted its stake in Tri Pointe Homes by 168.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,016 shares of the construction company’s stock valued at $28,000 after acquiring an additional 637 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Tri Pointe Homes in the 2nd quarter valued at about $30,000. Point72 Asset Management L.P. acquired a new position in shares of Tri Pointe Homes during the 2nd quarter worth about $45,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Tri Pointe Homes during the 1st quarter worth about $45,000. 97.59% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wedbush reiterated a “neutral” rating and issued a $32.00 target price on shares of Tri Pointe Homes in a research note on Monday, December 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.00.
Tri Pointe Homes Price Performance
Shares of TPH opened at $34.39 on Tuesday. The company’s 50-day moving average is $33.71 and its 200-day moving average is $30.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $3.34 billion, a PE ratio of 8.45, a PEG ratio of 0.74 and a beta of 1.53. Tri Pointe Homes, Inc. has a fifty-two week low of $21.84 and a fifty-two week high of $36.37.
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.
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