LSV Asset Management Trims Stake in Tri Pointe Homes, Inc. (NYSE:TPH)

LSV Asset Management lowered its position in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,682,724 shares of the construction company's stock after selling 16,000 shares during the period. LSV Asset Management owned 1.80% of Tri Pointe Homes worth $61,016,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company's stock valued at $49,000 after acquiring an additional 613 shares in the last quarter. Assetmark Inc. increased its holdings in Tri Pointe Homes by 19.6% during the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after buying an additional 300 shares during the last quarter. Venturi Wealth Management LLC raised its position 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 acquiring an additional 1,900 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Tri Pointe Homes by 51.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company's stock valued at $84,000 after acquiring an additional 789 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Tri Pointe Homes in the fourth quarter valued at approximately $118,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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Tri Pointe Homes Stock Performance

NYSE:TPH traded down $0.20 on Tuesday, hitting $29.32. The stock had a trading volume of 812,541 shares, compared to its average volume of 872,822. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The business's 50-day simple moving average is $32.10 and its two-hundred day simple moving average is $37.41. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. 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 announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate 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, research analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its Board of Directors has initiated a share repurchase 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 generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

TPH has been the topic of a number of recent research reports. StockNews.com cut shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Oppenheimer lowered their target price on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Seaport Res Ptn raised Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush reiterated a "neutral" rating and set a $38.00 price target (down previously from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tri Pointe Homes currently has a consensus 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.