Mitsubishi UFJ Trust & Banking Corp Sells 2,312 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,858 shares of the construction company’s stock after selling 2,312 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Tri Pointe Homes were worth $1,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TPH. Smartleaf Asset Management LLC lifted its stake 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 in the last quarter. Assetmark Inc. lifted its position 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 buying an additional 300 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Tri Pointe Homes by 562.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company’s stock worth $81,000 after buying an additional 1,900 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Tri Pointe Homes by 51.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock valued at $84,000 after acquiring an additional 789 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Tri Pointe Homes by 72.8% during the fourth quarter. Blue Trust Inc. now owns 4,093 shares of the construction company’s stock worth $148,000 after acquiring an additional 1,725 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Oppenheimer reduced their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Evercore ISI decreased their target price on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Wedbush restated a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Royal Bank of Canada downgraded Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Finally, StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Four investment 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. According to data from MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average price target of $40.60.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $32.19 on Wednesday. The business’s fifty day moving average is $33.65 and its 200 day moving average is $38.49. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.67 and a beta of 1.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. Tri Pointe Homes, Inc. has a 52-week low of $30.25 and a 52-week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.07. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Research analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its board has approved a share repurchase plan on Wednesday, December 18th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the construction company to repurchase up to 7.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.