Hillsdale Investment Management Inc. Reduces Holdings in Tri Pointe Homes Inc. $TPH

Hillsdale Investment Management Inc. cut its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 16.5% during the 2nd quarter, Holdings Channel reports. The firm owned 86,300 shares of the construction company’s stock after selling 17,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in Tri Pointe Homes were worth $2,757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPH. Hantz Financial Services Inc. grew its holdings in Tri Pointe Homes by 2,659.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock valued at $61,000 after buying an additional 1,835 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Tri Pointe Homes by 56.5% during 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. GAMMA Investing LLC increased its position in Tri Pointe Homes by 19.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company’s stock worth $76,000 after purchasing an additional 389 shares in the last quarter. Blue Trust Inc. increased its position in Tri Pointe Homes by 16.6% during the 2nd quarter. Blue Trust Inc. now owns 2,982 shares of the construction company’s stock worth $95,000 after purchasing an additional 424 shares in the last quarter. Finally, CWM LLC raised its stake in Tri Pointe Homes by 67.8% in the 1st quarter. CWM LLC now owns 3,797 shares of the construction company’s stock valued at $121,000 after purchasing an additional 1,534 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

TPH has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Wolfe Research cut shares of Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research note on Sunday, July 27th. Finally, Evercore ISI reissued an “in-line” rating and set a $34.00 price target (down previously from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.25.

Tri Pointe Homes Price Performance

TPH opened at $32.61 on Friday. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $45.28. The company’s 50 day simple moving average is $32.62 and its 200 day simple moving average is $32.66. The stock has a market capitalization of $2.80 billion, a PE ratio of 9.62, a P/E/G ratio of 0.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.20. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The company had revenue of $836.87 million for the quarter, compared to the consensus estimate of $782.22 million. During the same quarter last year, the firm posted $1.18 earnings per share. Tri Pointe Homes’s revenue was down 26.6% on a year-over-year basis. As a group, sell-side analysts expect that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

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.