Schroder Investment Management Group Has $2.65 Million Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Schroder Investment Management Group lowered its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,002 shares of the construction company's stock after selling 14,731 shares during the period. Schroder Investment Management Group owned 0.08% of Tri Pointe Homes worth $2,649,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TPH. Smartleaf Asset Management LLC increased its holdings in Tri Pointe Homes by 84.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock worth $49,000 after buying an additional 613 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock valued at $66,000 after purchasing an additional 300 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after purchasing an additional 1,900 shares during the period. Nisa Investment Advisors LLC lifted its stake in Tri Pointe Homes by 51.4% in 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 last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Tri Pointe Homes during the fourth quarter worth about $118,000. Institutional investors and hedge funds own 97.01% of the company's stock.

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Tri Pointe Homes Stock Performance

TPH stock traded up $0.07 during trading hours on Friday, hitting $29.17. 744,551 shares of the stock were exchanged, compared to its average volume of 871,358. Tri Pointe Homes, Inc. has a 12 month low of $27.90 and a 12 month high of $47.78. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.68 billion, a P/E ratio of 6.04, a P/E/G ratio of 0.67 and a beta of 1.44. The company has a 50-day simple moving average of $32.24 and a two-hundred day simple moving average of $37.56.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. On average, analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its board has authorized a share repurchase plan on Wednesday, December 18th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the construction company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Wedbush reaffirmed a "neutral" rating and set a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. StockNews.com lowered shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Finally, Oppenheimer cut their target price on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Four investment 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 stock. According to MarketBeat, Tri Pointe Homes has an average rating of "Moderate Buy" and an average 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.