Amundi Boosts Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Amundi raised its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 186.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,265 shares of the construction company's stock after purchasing an additional 30,789 shares during the quarter. Amundi owned 0.05% of Tri Pointe Homes worth $1,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in Tri Pointe Homes in the fourth quarter valued at about $118,407,000. Geode Capital Management LLC grew its holdings in 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 last quarter. GW&K Investment Management LLC increased its position in Tri Pointe Homes by 5.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company's stock valued at $73,850,000 after acquiring an additional 102,187 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Tri Pointe Homes by 11.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company's stock valued at $52,816,000 after acquiring an additional 115,099 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Tri Pointe Homes by 4.4% during the fourth quarter. Allianz Asset Management GmbH now owns 810,904 shares of the construction company's stock valued at $29,403,000 after acquiring an additional 34,371 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TPH. StockNews.com downgraded Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Royal Bank of Canada cut Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Evercore ISI cut their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Wedbush restated a "neutral" rating and issued a $38.00 price target (down previously from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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, reaching $31.37. 3,379,152 shares of the company's stock traded hands, compared to its average volume of 805,853. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 6.49, a P/E/G ratio of 0.67 and a beta of 1.71. The firm's fifty day moving average price is $34.35 and its 200-day moving average price is $39.15. Tri Pointe Homes, Inc. has a 52 week low of $30.25 and a 52 week high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings results 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. The business 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%. As a group, sell-side analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has authorized a share repurchase plan on Wednesday, December 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors 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.