Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 721,850 shares of the construction company's stock after acquiring an additional 9,177 shares during the quarter. Franklin Resources Inc. owned approximately 0.77% of Tri Pointe Homes worth $26,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC acquired a new stake in Tri Pointe Homes during the fourth quarter worth $5,553,000. Geode Capital Management LLC raised its holdings in Tri Pointe Homes by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company's stock valued at $112,644,000 after buying an additional 76,830 shares during the period. Principal Financial Group Inc. lifted its position in Tri Pointe Homes by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company's stock valued at $17,626,000 after buying an additional 16,380 shares during the last quarter. William Blair Investment Management LLC lifted its position in Tri Pointe Homes by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company's stock valued at $41,284,000 after buying an additional 27,691 shares during the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Tri Pointe Homes by 5.3% during the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after acquiring an additional 102,187 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

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Tri Pointe Homes Stock Up 0.2 %

NYSE:TPH traded up $0.07 during midday trading on Friday, reaching $29.17. The company had a trading volume of 744,551 shares, compared to its average volume of 871,358. The stock's fifty day simple moving average is $32.24 and its 200-day simple moving average is $37.56. 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, Inc. has a 12-month low of $27.90 and a 12-month high of $47.78. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 0.67 and a beta of 1.44.

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 (EPS) for the quarter, beating the consensus estimate 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. On average, sell-side analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has approved a stock 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 buy up to 7.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. StockNews.com lowered Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Wedbush reiterated a "neutral" rating and issued a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Evercore ISI decreased their target price 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. Finally, Oppenheimer dropped their target price 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. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Tri Pointe Homes has an average 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.