Proficio Capital Partners LLC Makes New $643,000 Investment in Tri Pointe Homes, Inc. (NYSE:TPH)

Proficio Capital Partners LLC acquired a new stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,731 shares of the construction company's stock, valued at approximately $643,000.

Several other large investors have also recently made changes to their positions in TPH. Pacer Advisors Inc. purchased a new position in Tri Pointe Homes during the 4th quarter valued at approximately $118,407,000. Geode Capital Management LLC boosted its position in shares of Tri Pointe Homes by 3.2% during 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 acquiring an additional 76,830 shares during the last quarter. GW&K Investment Management LLC raised its stake in 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 purchasing an additional 102,187 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Tri Pointe Homes by 11.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company's stock worth $52,816,000 after buying an additional 115,099 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Tri Pointe Homes by 4.4% in the 4th quarter. Allianz Asset Management GmbH now owns 810,904 shares of the construction company's stock worth $29,403,000 after buying an additional 34,371 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research analysts recently commented on the company. Oppenheimer dropped 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. Evercore ISI decreased their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Wedbush restated a "neutral" rating and issued a $38.00 price target (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Finally, StockNews.com lowered Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.60.

Tri Pointe Homes Trading Down 0.3 %

TPH traded down $0.08 during trading on Thursday, hitting $32.63. 685,235 shares of the stock were exchanged, compared to its average volume of 949,720. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The firm has a 50 day simple moving average of $34.07 and a 200 day simple moving average of $38.82. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 6.76, a P/E/G ratio of 0.67 and a beta of 1.71. Tri Pointe Homes, Inc. has a 1 year low of $30.25 and a 1 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 EPS for the quarter, beating the consensus estimate of $1.30 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates 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, equities 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 share 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 purchase up to 7.3% of its stock through open market purchases. Stock buyback plans are typically 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.