O Keefe Stevens Advisory Inc. Acquires 8,282 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

O Keefe Stevens Advisory Inc. grew its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,186 shares of the construction company’s stock after purchasing an additional 8,282 shares during the quarter. Tri Pointe Homes comprises about 2.7% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 15th biggest holding. O Keefe Stevens Advisory Inc. owned about 0.26% of Tri Pointe Homes worth $8,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new stake in shares of Tri Pointe Homes in the 3rd quarter worth about $45,000. Quarry LP boosted its holdings in Tri Pointe Homes by 123.3% in the second quarter. Quarry LP now owns 2,401 shares of the construction company’s stock worth $89,000 after acquiring an additional 1,326 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Tri Pointe Homes by 33.5% during the third quarter. Blue Trust Inc. now owns 2,368 shares of the construction company’s stock valued at $107,000 after acquiring an additional 594 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Tri Pointe Homes by 75.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock worth $121,000 after purchasing an additional 1,149 shares during the last quarter. Finally, CWM LLC raised its position in shares of Tri Pointe Homes by 39.3% in the 3rd quarter. CWM LLC now owns 3,092 shares of the construction company’s stock worth $140,000 after purchasing an additional 872 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Down 0.8 %

Shares of Tri Pointe Homes stock opened at $37.27 on Friday. Tri Pointe Homes, Inc. has a 1 year low of $33.24 and a 1 year high of $47.78. The firm’s 50-day moving average is $39.32 and its two-hundred day moving average is $41.65. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.55 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned $0.76 EPS. The business’s quarterly revenue was up 34.9% on a year-over-year basis. As a group, research analysts expect that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has authorized a stock 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, COO Thomas J. Mitchell sold 77,384 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the transaction, the chief operating officer now directly owns 708,159 shares of the company’s stock, valued at $27,724,424.85. This represents a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TPH. Wedbush reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, October 24th. Oppenheimer reduced their price target on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada reduced their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com downgraded Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tri Pointe Homes has an average rating of “Moderate Buy” and a consensus price target of $45.75.

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.