Principal Financial Group Inc. Has $14.35 Million Stock Position in Tri Pointe Homes Inc. $TPH

Principal Financial Group Inc. lessened its position in Tri Pointe Homes Inc. (NYSE:TPH) by 13.3% in the third quarter, HoldingsChannel reports. The fund owned 422,462 shares of the construction company’s stock after selling 64,921 shares during the quarter. Principal Financial Group Inc.’s holdings in Tri Pointe Homes were worth $14,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its position in shares of Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after purchasing an additional 345 shares during the period. Farther Finance Advisors LLC increased its stake in Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Tri Pointe Homes by 2,659.4% during the second quarter. Hantz Financial Services Inc. now owns 1,904 shares of the construction company’s stock worth $61,000 after buying an additional 1,835 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Tri Pointe Homes by 104.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock valued at $69,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TPH. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Citigroup began coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Royal Bank Of Canada set a $31.00 price objective on Tri Pointe Homes in a report on Friday, January 9th. Finally, Citizens Jmp started coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Tri Pointe Homes Stock Up 4.1%

Tri Pointe Homes stock opened at $36.50 on Wednesday. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $37.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The firm’s 50-day simple moving average is $33.53 and its 200 day simple moving average is $33.43. The stock has a market cap of $3.14 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39.

Tri Pointe Homes 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.