Boston Partners Takes Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Boston Partners acquired a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 245,056 shares of the construction company's stock, valued at approximately $8,888,000. Boston Partners owned 0.26% of Tri Pointe Homes at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Tri Pointe Homes by 84.4% during the 4th 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. Assetmark Inc. boosted its position in Tri Pointe Homes by 19.6% during the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after purchasing an additional 300 shares during the period. Venturi Wealth Management LLC boosted its position in Tri Pointe Homes by 562.1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after purchasing an additional 1,900 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Tri Pointe Homes by 51.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock worth $84,000 after purchasing an additional 789 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Tri Pointe Homes in the third quarter valued at approximately $184,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

Tri Pointe Homes Price Performance

NYSE:TPH traded down $0.15 during midday trading on Tuesday, hitting $32.26. The company had a trading volume of 1,070,103 shares, compared to its average volume of 804,744. The stock's fifty day moving average price is $34.24 and its 200-day moving average price is $38.93. Tri Pointe Homes, Inc. has a 52-week low of $30.25 and a 52-week high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $2.96 billion, a PE ratio of 6.68, a P/E/G ratio of 0.67 and a beta of 1.71.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations 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 earnings per share for the current year.

Tri Pointe Homes declared that its board has approved a stock buyback plan on Wednesday, December 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

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.