Nisa Investment Advisors LLC Trims Holdings in Tri Pointe Homes Inc. (NYSE:TPH)

Nisa Investment Advisors LLC lessened its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 26.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,718 shares of the construction company’s stock after selling 606 shares during the period. Nisa Investment Advisors LLC’s holdings in Tri Pointe Homes were worth $55,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its stake in Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company’s stock valued at $33,000 after acquiring an additional 335 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company’s stock valued at $75,000 after purchasing an additional 1,831 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Tri Pointe Homes during the fourth quarter worth about $118,000. CIBC Private Wealth Group LLC grew its stake in Tri Pointe Homes by 8.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company’s stock worth $126,000 after purchasing an additional 287 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Tri Pointe Homes by 67.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,578 shares of the construction company’s stock valued at $130,000 after buying an additional 1,445 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $30.15, for a total transaction of $3,626,653.05. Following the completion of the transaction, the chief executive officer owned 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Tri Pointe Homes Trading Down 0.9%

Tri Pointe Homes stock opened at $33.00 on Friday. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $47.78. The firm’s 50-day moving average is $31.50 and its 200-day moving average is $32.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $2.99 billion, a P/E ratio of 7.33, a PEG ratio of 0.87 and a beta of 1.25.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.25. Tri Pointe Homes had a net margin of 10.02% and a return on equity of 12.97%. The firm had revenue of $720.79 million for the quarter, compared to analysts’ expectations of $713.65 million. During the same quarter last year, the company posted $1.03 earnings per share. Tri Pointe Homes’s revenue was down 21.5% on a year-over-year basis. On average, equities analysts expect that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wedbush raised Tri Pointe Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $38.00 to $43.00 in a report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Tri Pointe Homes currently has an average rating of “Moderate Buy” and an average target price of $41.60.

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.