Tri Pointe Homes Inc. $TPH Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its stake in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 33.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 792,868 shares of the construction company’s stock after selling 406,718 shares during the quarter. Allianz Asset Management GmbH’s holdings in Tri Pointe Homes were worth $26,934,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after acquiring an additional 345 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Tri Pointe Homes by 306.8% in 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 during the last quarter. Nisa Investment Advisors LLC raised its position in Tri Pointe Homes by 33.4% in the third 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 during the period. Hantz Financial Services Inc. lifted its stake 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 purchasing an additional 1,835 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Tri Pointe Homes by 104.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,157 shares of the construction company’s stock worth $69,000 after buying an additional 1,100 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tri Pointe Homes Trading Up 0.2%

TPH opened at $35.46 on Friday. The business has a fifty day moving average price of $33.46 and a 200 day moving average price of $33.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01. Tri Pointe Homes Inc. has a 12 month low of $27.90 and a 12 month high of $37.51. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.06 and a beta of 1.39.

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.