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New York State Common Retirement Fund Has $2.32 Million Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

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New York State Common Retirement Fund cut its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,562 shares of the construction company’s stock after selling 25,145 shares during the period. New York State Common Retirement Fund’s holdings in Tri Pointe Homes were worth $2,324,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TPH. Signaturefd LLC boosted its position in Tri Pointe Homes by 63.4% in the third quarter. Signaturefd LLC now owns 1,183 shares of the construction company’s stock valued at $25,000 after buying an additional 459 shares in the last quarter. FORA Capital LLC bought a new position in shares of Tri Pointe Homes in the second quarter worth about $54,000. Lazard Asset Management LLC raised its stake in shares of Tri Pointe Homes by 20.6% in the second quarter. Lazard Asset Management LLC now owns 4,926 shares of the construction company’s stock worth $105,000 after acquiring an additional 842 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Tri Pointe Homes in the second quarter worth about $122,000. Finally, Marshall Wace LLP bought a new position in shares of Tri Pointe Homes in the first quarter worth about $179,000. Hedge funds and other institutional investors own 97.88% of the company’s stock.

TPH opened at $25.98 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $2.89 billion, a P/E ratio of 7.06 and a beta of 1.48. The business’s 50 day simple moving average is $26.12. Tri Pointe Homes, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $28.28.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Thursday, October 21st. The construction company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.28. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $947.82 million. Tri Pointe Homes had a net margin of 11.41% and a return on equity of 19.20%. Tri Pointe Homes’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. As a group, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.91 earnings per share for the current fiscal year.

TPH has been the subject of a number of research analyst reports. Royal Bank of Canada raised shares of Tri Pointe Homes from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $22.00 to $25.00 in a research note on Friday, October 22nd. B. Riley reaffirmed a “buy” rating and issued a $34.00 target price (up from $31.00) on shares of Tri Pointe Homes in a research note on Friday, October 22nd. Finally, Zacks Investment Research downgraded shares of Tri Pointe Homes from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 24th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.20.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc designs constructs and sells single-family homes and condominiums. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment consists of six reportable segments: Maracay Homes, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado; and Winchester Homes, consisting of operations in Maryland and Virginia.

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