Russell Investments Group Ltd. Has $13.04 Million Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Russell Investments Group Ltd. raised its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 359,521 shares of the construction company's stock after acquiring an additional 127,072 shares during the period. Russell Investments Group Ltd. owned about 0.38% of Tri Pointe Homes worth $13,036,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in shares of Tri Pointe Homes in the fourth quarter valued at $5,553,000. Geode Capital Management LLC lifted its holdings 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 worth $112,644,000 after acquiring an additional 76,830 shares during the period. Principal Financial Group Inc. boosted its position in shares of Tri Pointe Homes by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company's stock valued at $17,626,000 after acquiring an additional 16,380 shares in the last quarter. William Blair Investment Management LLC increased its stake in 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 valued at $41,284,000 after acquiring an additional 27,691 shares during the period. Finally, GW&K Investment Management LLC raised its position in Tri Pointe Homes by 5.3% in 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 purchasing an additional 102,187 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on TPH. Royal Bank of Canada downgraded Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Evercore ISI lowered their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Oppenheimer cut their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a 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 MarketBeat, Tri Pointe Homes has an average rating of "Moderate Buy" and a consensus price target of $40.60.

Tri Pointe Homes Price Performance

Shares of TPH stock traded up $0.09 during trading hours on Wednesday, hitting $29.39. 100,728 shares of the company's stock were exchanged, compared to its average volume of 973,188. Tri Pointe Homes, Inc. has a 52 week low of $27.90 and a 52 week high of $47.78. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The stock's 50-day moving average is $31.96 and its 200-day moving average is $37.35.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.36% and a return on equity of 14.34%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.22 billion. As a group, research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

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

Tri Pointe Homes Company 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.