Vanguard Group Inc. Buys 143,365 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Vanguard Group Inc. grew its holdings in Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,573,813 shares of the construction company's stock after purchasing an additional 143,365 shares during the period. Vanguard Group Inc. owned approximately 12.37% of Tri Pointe Homes worth $419,666,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in Tri Pointe Homes by 84.4% during the 4th 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. grew 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 purchasing an additional 300 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Tri Pointe Homes by 562.1% during the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company's stock valued at $81,000 after purchasing an additional 1,900 shares during the period. Nisa Investment Advisors LLC lifted its holdings in 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 worth $84,000 after purchasing an additional 789 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Tri Pointe Homes by 72.8% in the 4th quarter. Blue Trust Inc. now owns 4,093 shares of the construction company's stock worth $148,000 after purchasing an additional 1,725 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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Tri Pointe Homes Stock Down 5.2 %

Shares of Tri Pointe Homes stock traded down $1.65 during midday trading on Monday, hitting $30.17. The company had a trading volume of 1,825,481 shares, compared to its average volume of 865,383. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The company has a 50 day moving average of $33.14 and a 200 day moving average of $38.10. Tri Pointe Homes, Inc. has a 52-week low of $29.91 and a 52-week high of $47.78. The stock has a market capitalization of $2.77 billion, a P/E ratio of 6.25, a P/E/G ratio of 0.67 and a beta of 1.44.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its earnings results 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. 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. On average, equities analysts predict that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its board has approved a stock repurchase program on Wednesday, December 18th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the construction company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI cut their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Wedbush restated a "neutral" rating and issued a $38.00 target price (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Oppenheimer decreased 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 report on Wednesday, February 19th. Finally, Royal Bank of Canada lowered Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.60.

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.