Vanguard Group Inc. Grows Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Vanguard Group Inc. increased its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,573,813 shares of the construction company’s stock after acquiring an additional 143,365 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Tri Pointe Homes worth $419,666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Tri Pointe Homes during the 4th quarter worth about $936,000. Hillsdale Investment Management Inc. raised its stake in shares of Tri Pointe Homes by 0.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company’s stock valued at $3,619,000 after acquiring an additional 340 shares during the period. American Century Companies Inc. lifted its holdings in shares of Tri Pointe Homes by 14.0% in the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company’s stock worth $70,579,000 after acquiring an additional 238,807 shares during the last quarter. Magnetar Financial LLC boosted its position in shares of Tri Pointe Homes by 36.0% during the 4th quarter. Magnetar Financial LLC now owns 9,894 shares of the construction company’s stock worth $359,000 after purchasing an additional 2,621 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Tri Pointe Homes by 9.2% during the 4th quarter. Teacher Retirement System of Texas now owns 138,203 shares of the construction company’s stock worth $5,011,000 after purchasing an additional 11,587 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of NYSE TPH opened at $32.46 on Thursday. The stock’s 50-day moving average is $33.55 and its two-hundred day moving average is $38.45. 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 $2.98 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth 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.

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

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

Wall Street Analysts Forecast Growth

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

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.