Tri Pointe Homes, Inc. (NYSE:TPH) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,138,547 shares of the construction company's stock after purchasing an additional 27,691 shares during the quarter. William Blair Investment Management LLC owned about 1.22% of Tri Pointe Homes worth $41,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Tri Pointe Homes by 84.4% in the 4th 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. boosted its position 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 worth $66,000 after acquiring an additional 300 shares during the last quarter. Venturi Wealth Management LLC grew its holdings 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 valued at $81,000 after purchasing an additional 1,900 shares during the period. Nisa Investment Advisors LLC grew its holdings 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 valued at $84,000 after purchasing an additional 789 shares during the period. Finally, Blue Trust Inc. increased its position in Tri Pointe Homes by 72.8% during the fourth quarter. Blue Trust Inc. now owns 4,093 shares of the construction company's stock worth $148,000 after purchasing an additional 1,725 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

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Wall Street Analyst Weigh In

TPH has been the subject of several research reports. Wedbush reissued a "neutral" rating and set a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com lowered Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Oppenheimer reduced their price target on Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Evercore ISI decreased their price target 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. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.60.

Tri Pointe Homes Stock Down 1.9 %

TPH stock traded down $0.61 during midday trading on Friday, hitting $31.37. 3,404,398 shares of the company's stock were exchanged, compared to its average volume of 952,558. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. 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 50 day moving average price of $34.35 and a 200-day moving average price of $39.15. Tri Pointe Homes, Inc. has a 12-month low of $30.25 and a 12-month high of $47.78.

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

Tri Pointe Homes announced that its Board of Directors 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 usually an indication that the company's leadership believes its shares are undervalued.

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.