Teacher Retirement System of Texas Has $5.01 Million Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Teacher Retirement System of Texas lifted its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 138,203 shares of the construction company's stock after purchasing an additional 11,587 shares during the quarter. Teacher Retirement System of Texas owned 0.15% of Tri Pointe Homes worth $5,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TPH. Smartleaf Asset Management LLC grew its stake 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 position in 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 last quarter. Venturi Wealth Management LLC boosted its stake in Tri Pointe Homes by 562.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock worth $81,000 after purchasing an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Tri Pointe Homes by 51.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock worth $84,000 after purchasing an additional 789 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Tri Pointe Homes during the third quarter worth $184,000. Institutional investors and hedge funds own 97.01% of the company's stock.

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Tri Pointe Homes Stock Down 0.3 %

Shares of NYSE:TPH traded down $0.08 during trading on Thursday, hitting $32.63. 685,235 shares of the company's stock traded hands, compared to its average volume of 806,843. 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 company has a 50-day moving average price of $34.07 and a 200-day moving average price of $38.82. Tri Pointe Homes, Inc. has a 52 week low of $30.25 and a 52 week high of $47.78. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. As a group, research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its board has initiated a stock repurchase program on Wednesday, December 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 7.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently issued reports on TPH shares. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Wedbush reiterated a "neutral" rating and set a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Oppenheimer dropped 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. Evercore ISI dropped their price objective 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. Finally, StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tri Pointe Homes has an average rating of "Moderate Buy" and a consensus target price 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.