Royce & Associates LP Boosts Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

Royce & Associates LP boosted its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 539,080 shares of the construction company's stock after acquiring an additional 57,559 shares during the quarter. Royce & Associates LP owned about 0.58% of Tri Pointe Homes worth $19,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its stake in shares of Tri Pointe Homes by 4.4% in the third quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company's stock valued at $280,000 after buying an additional 258 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Tri Pointe Homes by 0.3% in the third quarter. Empowered Funds LLC now owns 99,346 shares of the construction company's stock valued at $4,501,000 after buying an additional 265 shares in the last quarter. Assetmark Inc. grew its stake in shares of Tri Pointe Homes by 19.6% in the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after buying an additional 300 shares in the last quarter. Highland Capital Management LLC grew its stake in shares of Tri Pointe Homes by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company's stock valued at $212,000 after buying an additional 368 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Tri Pointe Homes by 7.4% in the fourth quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company's stock valued at $232,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

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Tri Pointe Homes Stock Up 0.4 %

NYSE TPH traded up $0.14 during trading on Thursday, reaching $31.93. 882,236 shares of the company's stock were exchanged, compared to its average volume of 796,179. The stock has a market cap of $2.93 billion, a P/E ratio of 6.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. 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 company has a 50 day moving average price of $34.42 and a two-hundred day moving average price of $39.20. 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 posted its earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share 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 the consensus estimate of $1.22 billion. On average, equities research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its board has authorized a stock buyback plan on Wednesday, December 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

TPH has been the subject of a number of recent research reports. Evercore ISI decreased their target price on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Oppenheimer decreased their target price on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Wedbush reiterated a "neutral" rating and issued a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Royal Bank of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Finally, Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" 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.