Trexquant Investment LP Buys 133,711 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Trexquant Investment LP raised its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 221.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,071 shares of the construction company's stock after acquiring an additional 133,711 shares during the quarter. Trexquant Investment LP owned approximately 0.21% of Tri Pointe Homes worth $7,037,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. HighTower Advisors LLC bought a new stake in Tri Pointe Homes during the 4th quarter valued at approximately $5,553,000. Geode Capital Management LLC raised its position 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 buying an additional 76,830 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Tri Pointe Homes by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company's stock valued at $17,626,000 after buying an additional 16,380 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Tri Pointe Homes by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company's stock worth $41,284,000 after buying an additional 27,691 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of 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 worth $73,850,000 after acquiring an additional 102,187 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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Tri Pointe Homes Trading Up 4.4 %

TPH stock traded up $1.29 during midday trading on Wednesday, reaching $30.25. 1,133,640 shares of the company traded hands, compared to its average volume of 870,792. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 0.67 and a beta of 1.44. 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 business has a 50 day moving average of $32.52 and a 200-day moving average of $37.77. Tri Pointe Homes, Inc. has a 52-week low of $27.90 and a 52-week high of $47.78.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate 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, sell-side analysts expect 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 buyback program on Wednesday, December 18th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on TPH. Wedbush reiterated a "neutral" rating and issued a $38.00 price target (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Evercore ISI dropped their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Finally, Oppenheimer lowered their target price 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. Four investment 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 stock. According to data from MarketBeat.com, Tri Pointe Homes has a consensus rating of "Moderate Buy" and a consensus price target 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.