Brandywine Global Investment Management LLC Sells 84,459 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Brandywine Global Investment Management LLC cut its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 410,327 shares of the construction company's stock after selling 84,459 shares during the period. Brandywine Global Investment Management LLC owned about 0.44% of Tri Pointe Homes worth $14,878,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. 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 valued at $49,000 after acquiring an additional 613 shares during the period. Assetmark Inc. lifted its holdings in 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 in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Tri Pointe Homes by 562.1% in 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 in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Tri Pointe Homes by 51.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock valued at $84,000 after purchasing an additional 789 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Tri Pointe Homes during the 4th quarter valued at $118,000. Institutional investors own 97.01% of the company's stock.

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Tri Pointe Homes Price Performance

NYSE TPH traded up $1.07 during trading on Friday, hitting $31.73. 1,565,500 shares of the stock traded hands, compared to its average volume of 862,019. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 12-month low of $29.91 and a 12-month high of $47.78. The firm has a 50-day simple moving average of $33.30 and a 200-day simple moving average of $38.31. The company has a market capitalization of $2.91 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. As a group, analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its board has approved a stock buyback 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 stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wedbush reiterated a "neutral" rating and issued a $38.00 price target (down previously from $44.00) on shares of Tri Pointe Homes in a research note 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. Evercore ISI dropped their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Four research 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 MarketBeat, Tri Pointe Homes presently has a consensus rating of "Moderate Buy" and an average price target 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.