William Blair Investment Management LLC Sells 57,394 Shares of Tri Pointe Homes Inc. $TPH

William Blair Investment Management LLC decreased its holdings in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 5.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 947,416 shares of the construction company’s stock after selling 57,394 shares during the period. William Blair Investment Management LLC’s holdings in Tri Pointe Homes were worth $32,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in Tri Pointe Homes by 19.1% during the first quarter. Royal Bank of Canada now owns 72,740 shares of the construction company’s stock valued at $2,322,000 after buying an additional 11,668 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Tri Pointe Homes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,879 shares of the construction company’s stock valued at $1,752,000 after acquiring an additional 2,398 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Tri Pointe Homes by 5.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,772 shares of the construction company’s stock valued at $312,000 after acquiring an additional 500 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Tri Pointe Homes by 19.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 84,603 shares of the construction company’s stock valued at $2,703,000 after acquiring an additional 13,495 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Tri Pointe Homes by 9.5% in the 2nd quarter. Jennison Associates LLC now owns 67,848 shares of the construction company’s stock worth $2,168,000 after acquiring an additional 5,883 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TPH shares. Oppenheimer downgraded Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price target on the stock. Royal Bank Of Canada boosted their price objective on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Finally, Citigroup assumed coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.50.

Insiders Place Their Bets

In other news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Tri Pointe Homes Stock Up 0.0%

TPH stock opened at $46.31 on Monday. The stock has a market capitalization of $3.91 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $46.62. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $36.53 and a 200 day moving average of $34.55.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The business had revenue of $972.63 million during the quarter, compared to the consensus estimate of $917.86 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was down 22.5% compared to the same quarter last year. Sell-side analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes Company Profile

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.