American Century Companies Inc. Purchases 238,807 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

American Century Companies Inc. lifted its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,946,471 shares of the construction company’s stock after buying an additional 238,807 shares during the quarter. American Century Companies Inc.’s holdings in Tri Pointe Homes were worth $70,579,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TPH. Pacer Advisors Inc. bought a new position in shares of Tri Pointe Homes during the fourth quarter valued at approximately $118,407,000. Raymond James Financial Inc. bought a new position in Tri Pointe Homes during the 4th quarter valued at approximately $13,342,000. Weiss Asset Management LP purchased a new position in Tri Pointe Homes during the third quarter valued at $16,066,000. Boston Partners bought a new stake in Tri Pointe Homes in the fourth quarter worth $8,888,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Tri Pointe Homes in the fourth quarter worth $5,553,000. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Price Performance

NYSE TPH opened at $32.26 on Wednesday. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 0.67 and a beta of 1.71. Tri Pointe Homes, Inc. has a 1-year low of $30.25 and a 1-year high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The business’s fifty day moving average price is $34.16 and its 200-day moving average price is $38.86.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. On average, equities 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 approved a share buyback plan on Wednesday, December 18th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the construction company to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TPH. Wedbush reissued a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Royal Bank of Canada cut shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and cut 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 for the company in a report on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average target price of $40.60.

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.