17,731 Shares in Tri Pointe Homes, Inc. (NYSE:TPH) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) during the 4th quarter, HoldingsChannel reports. The firm bought 17,731 shares of the construction company’s stock, valued at approximately $643,000.

A number of other institutional investors and hedge funds have also modified their holdings of TPH. Atria Investments Inc lifted its holdings in shares of Tri Pointe Homes by 5.6% during the fourth quarter. Atria Investments Inc now owns 16,731 shares of the construction company’s stock valued at $607,000 after purchasing an additional 892 shares in the last quarter. Assetmark Inc. lifted its stake in Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock valued at $66,000 after acquiring an additional 300 shares during the period. Victory Capital Management Inc. lifted its stake in Tri Pointe Homes by 8.5% during the 4th quarter. Victory Capital Management Inc. now owns 306,586 shares of the construction company’s stock valued at $11,117,000 after acquiring an additional 23,974 shares during the period. Bailard Inc. boosted its holdings in shares of Tri Pointe Homes by 5.8% during the 4th quarter. Bailard Inc. now owns 18,333 shares of the construction company’s stock valued at $665,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company’s stock worth $49,000 after acquiring an additional 613 shares during the period. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Trading Down 1.9 %

Shares of TPH stock opened at $31.37 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 0.67 and a beta of 1.71. Tri Pointe Homes, Inc. has a 1 year low of $30.25 and a 1 year high of $47.78. The firm has a fifty day moving average price of $34.29 and a 200-day moving average price of $39.00.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. As a group, equities analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its board has approved a share repurchase program on Wednesday, December 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TPH shares. Wedbush restated a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Oppenheimer lowered their price target on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada lowered Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Evercore ISI reduced their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tri Pointe Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

About Tri Pointe Homes

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.