Capital Fund Management S.A. Buys 3,471 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Capital Fund Management S.A. lifted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,489 shares of the construction company’s stock after purchasing an additional 3,471 shares during the quarter. Capital Fund Management S.A.’s holdings in Tri Pointe Homes were worth $1,069,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. HighTower Advisors LLC bought a new position in Tri Pointe Homes in the fourth quarter worth approximately $5,553,000. Geode Capital Management LLC lifted its holdings in shares of Tri Pointe Homes by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company’s stock worth $112,644,000 after purchasing an additional 76,830 shares in the last quarter. Principal Financial Group Inc. grew its position in Tri Pointe Homes by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company’s stock valued at $17,626,000 after purchasing an additional 16,380 shares during the period. William Blair Investment Management LLC grew its position in Tri Pointe Homes by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company’s stock valued at $41,284,000 after purchasing an additional 27,691 shares during the period. Finally, GW&K Investment Management LLC increased its stake in Tri Pointe Homes by 5.3% during the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company’s stock valued at $73,850,000 after purchasing an additional 102,187 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Performance

TPH stock opened at $29.32 on Wednesday. The business has a 50 day moving average of $31.96 and a 200-day moving average of $37.35. The firm has a market cap of $2.69 billion, a PE ratio of 6.07, a P/E/G ratio of 0.67 and a beta of 1.44. Tri Pointe Homes, Inc. has a 12-month low of $27.90 and a 12-month high of $47.78. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The firm had revenue of $1.22 billion during 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%. As a group, sell-side analysts expect that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its board has approved a share repurchase program on Wednesday, December 18th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 7.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Evercore ISI reduced 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. Royal Bank of Canada lowered Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Wedbush reiterated a “neutral” rating and set a $38.00 price target (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Finally, Seaport Res Ptn raised Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tri Pointe Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

Tri Pointe Homes 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.