Tri Pointe Homes (NYSE:TPH) Sets New 1-Year Low - Time to Sell?

Tri Pointe Homes, Inc. (NYSE:TPH - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $33.03 and last traded at $33.62, with a volume of 141128 shares changing hands. The stock had previously closed at $36.22.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com downgraded Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Wedbush reiterated a "neutral" rating and issued a $38.00 price target (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday. Royal Bank of Canada cut shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $41.00 to $37.00 in a report on Wednesday. Evercore ISI dropped their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Oppenheimer decreased their target price 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.60.

Tri Pointe Homes Stock Performance

The business's fifty day moving average is $36.16 and its 200-day moving average is $40.56. 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 company has a market cap of $2.88 billion, a PE ratio of 6.37, a P/E/G ratio of 0.67 and a beta of 1.64.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, topping 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, research analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

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

Insiders Place Their Bets

In related news, COO Thomas J. Mitchell sold 77,384 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the completion of the transaction, the chief operating officer now directly owns 708,159 shares in the company, valued at approximately $27,724,424.85. The trade was a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Tri Pointe Homes

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its position 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 valued at $33,000 after purchasing an additional 335 shares during the period. Reston Wealth Management LLC purchased a new stake in Tri Pointe Homes in the 3rd quarter worth $45,000. Smartleaf Asset Management LLC raised its holdings in Tri Pointe Homes by 84.4% during 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 during the period. Assetmark Inc. lifted 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 valued at $66,000 after acquiring an additional 300 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Tri Pointe Homes by 729.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after acquiring an additional 1,831 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

About Tri Pointe Homes

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.