GW&K Investment Management LLC Acquires 102,187 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

GW&K Investment Management LLC grew its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,036,689 shares of the construction company's stock after acquiring an additional 102,187 shares during the period. GW&K Investment Management LLC owned 2.18% of Tri Pointe Homes worth $73,850,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TPH. Pacer Advisors Inc. acquired a new stake in Tri Pointe Homes during the 4th quarter worth approximately $118,407,000. Geode Capital Management LLC raised its stake in shares of Tri Pointe Homes by 3.2% during the third quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company's stock valued at $112,644,000 after acquiring an additional 76,830 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tri Pointe Homes by 11.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company's stock worth $52,816,000 after purchasing an additional 115,099 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Tri Pointe Homes by 4.4% in the fourth quarter. Allianz Asset Management GmbH now owns 810,904 shares of the construction company's stock worth $29,403,000 after purchasing an additional 34,371 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Tri Pointe Homes by 0.8% in the third quarter. Fisher Asset Management LLC now owns 725,537 shares of the construction company's stock valued at $32,874,000 after purchasing an additional 6,079 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

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Insider Buying and Selling at Tri Pointe Homes

In related news, COO Thomas J. Mitchell sold 77,384 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.15, for a total value of $3,029,583.60. Following the sale, the chief operating officer now owns 708,159 shares in the company, valued at $27,724,424.85. This represents a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company's stock.

Tri Pointe Homes Stock Up 0.6 %

Shares of TPH stock traded up $0.18 on Tuesday, reaching $31.14. 1,424,414 shares of the company were exchanged, compared to its average volume of 866,163. 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 50-day moving average of $35.45 and a 200-day moving average of $40.17. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.67 and a beta of 1.64. Tri Pointe Homes, Inc. has a one year low of $30.25 and a one year high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.22 billion. Analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes declared that its board has initiated a share buyback 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 repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TPH. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Evercore ISI lowered their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. StockNews.com downgraded shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Oppenheimer decreased 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 report on Wednesday, February 19th. Finally, Wedbush restated a "neutral" rating and issued a $38.00 target price (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $40.60.

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.