Counterpoint Mutual Funds LLC Purchases 4,303 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Counterpoint Mutual Funds LLC grew its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 73.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,139 shares of the construction company’s stock after purchasing an additional 4,303 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Tri Pointe Homes were worth $368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPH. Smartleaf Asset Management LLC increased 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 worth $49,000 after purchasing an additional 613 shares in the last quarter. Assetmark Inc. increased its holdings in 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 purchasing an additional 300 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in 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 worth $81,000 after purchasing an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC increased 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. increased its holdings in Tri Pointe Homes by 72.8% during 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 in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wedbush reissued a “neutral” rating and set a $38.00 price objective (down 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 research note on Thursday, March 6th. Oppenheimer cut their target price on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada downgraded Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.60.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $31.29 on Tuesday. Tri Pointe Homes, Inc. has a 12 month low of $30.25 and a 12 month high of $47.78. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $34.57 and its 200 day simple moving average is $39.34. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.67 and a beta of 1.71.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 EPS 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 business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Sell-side analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes announced that its board has initiated a stock repurchase program on Wednesday, December 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.