Tri Pointe Homes (NYSE:TPH) Reaches New 1-Year Low - What's Next?

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $30.09 and last traded at $30.24, with a volume of 166892 shares traded. The stock had previously closed at $32.46.

Wall Street Analyst Weigh In

A number of brokerages have commented on TPH. Oppenheimer decreased their price target on 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. Royal Bank of Canada lowered shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Evercore ISI decreased their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Wedbush reiterated a "neutral" rating and set a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.60.

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Tri Pointe Homes Price Performance

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 firm's 50-day moving average is $33.14 and its 200-day moving average is $38.10. The company has a market cap of $2.66 billion, a PE ratio of 5.99, a PEG ratio of 0.67 and a beta of 1.44.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, beating 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 analysts' expectations of $1.22 billion. On average, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 18th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Tri Pointe Homes

A number of institutional investors have recently modified their holdings of TPH. Vanguard Group Inc. boosted its stake in Tri Pointe Homes by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock worth $419,666,000 after purchasing an additional 143,365 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Tri Pointe Homes in the fourth quarter worth approximately $118,407,000. Geode Capital Management LLC grew its holdings in shares of Tri Pointe Homes by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock valued at $91,748,000 after buying an additional 44,160 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of Tri Pointe Homes by 5.3% during the fourth 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 in the last quarter. Finally, American Century Companies Inc. raised its holdings in Tri Pointe Homes by 14.0% in the 4th quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company's stock worth $70,579,000 after acquiring an additional 238,807 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other 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.