Short Interest in Tri Pointe Homes, Inc. (NYSE:TPH) Declines By 24.2%

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,000,000 shares, a decrease of 24.2% from the February 13th total of 3,960,000 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily trading volume, of 944,100 shares, the short-interest ratio is currently 3.2 days.

Analyst Ratings Changes

A number of analysts have commented on TPH shares. StockNews.com cut shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Evercore ISI reduced their price objective on shares of 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. Oppenheimer reduced their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Wedbush reissued a "neutral" rating and issued a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Finally, Seaport Res Ptn raised shares of Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.60.

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Tri Pointe Homes Price Performance

NYSE TPH traded up $0.14 on Thursday, reaching $31.93. The company had a trading volume of 882,236 shares, compared to its average volume of 796,179. 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 stock has a market capitalization of $2.93 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. The firm's 50 day moving average price is $34.42 and its 200 day moving average price is $39.20. Tri Pointe Homes 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 earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.22 billion. As a group, equities analysts predict that Tri Pointe Homes will post 3.58 earnings per share for the current year.

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

Institutional Trading of Tri Pointe Homes

A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP increased its holdings in shares of Tri Pointe Homes by 4.4% in the 3rd quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company's stock worth $280,000 after buying an additional 258 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Tri Pointe Homes by 0.3% during the 3rd quarter. Empowered Funds LLC now owns 99,346 shares of the construction company's stock worth $4,501,000 after purchasing an additional 265 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Tri Pointe Homes by 8.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,563 shares of the construction company's stock worth $126,000 after purchasing an additional 287 shares during the period. Assetmark Inc. boosted its stake in shares of Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after purchasing an additional 300 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Tri Pointe Homes by 58.5% during the 4th quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after purchasing an additional 335 shares during the period. 97.01% of the stock is currently owned by institutional investors.

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.