American Century Companies Inc. Increases Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

American Century Companies Inc. grew its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,946,471 shares of the construction company's stock after purchasing an additional 238,807 shares during the period. American Century Companies Inc. owned about 2.08% of Tri Pointe Homes worth $70,579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Tri Pointe Homes by 19.6% during the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after purchasing an additional 300 shares during the period. Highland Capital Management LLC raised its holdings in Tri Pointe Homes by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock valued at $212,000 after buying an additional 368 shares during the last quarter. Park Avenue Securities LLC boosted its position in Tri Pointe Homes by 7.4% during the 4th quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company's stock valued at $232,000 after buying an additional 444 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Tri Pointe Homes by 2.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 26,595 shares of the construction company's stock worth $964,000 after acquiring an additional 553 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Tri Pointe Homes by 10.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,109 shares of the construction company's stock worth $222,000 after acquiring an additional 584 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts have commented on the company. Oppenheimer lowered their price target on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Wedbush reissued a "neutral" rating and set a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, StockNews.com cut shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.60.

Tri Pointe Homes Stock Down 2.3 %

TPH traded down $0.76 during midday trading on Friday, reaching $31.88. The company's stock had a trading volume of 890,474 shares, compared to its average volume of 856,702. Tri Pointe Homes, Inc. has a 1 year low of $30.25 and a 1 year high of $47.78. The stock's 50-day moving average is $33.86 and its 200-day moving average is $38.68. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 0.67 and a beta of 1.71. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. As a group, research analysts expect that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

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

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.