Focus Partners Advisor Solutions LLC Takes $328,000 Position in Tri Pointe Homes Inc. $TPH
Focus Partners Advisor Solutions LLC has acquired a new stake in Tri Pointe Homes Inc. (NYSE: TPH), purchasing 10,253 shares valued at approximately $328,000. Other institutional investors have also increased their positions in TPH. The company reported earnings of $0.71 per share, exceeding estimates, with revenue of $836.87 million for the quarter. Tri Pointe Homes has authorized a $50 million stock repurchase program, indicating confidence in its stock value. Analysts have given the stock a "Moderate Buy" rating with a consensus target price of $39.25.
Focus Partners Advisor Solutions LLC acquired a new stake in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,253 shares of the construction company's stock, valued at approximately $328,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TPH. Nuveen LLC purchased a new stake in shares of Tri Pointe Homes during the 1st quarter valued at $43,906,000. Allianz Asset Management GmbH lifted its holdings in shares of Tri Pointe Homes by 54.8% during the 1st quarter. Allianz Asset Management GmbH now owns 1,255,057 shares of the construction company's stock valued at $40,061,000 after purchasing an additional 444,153 shares during the last quarter. First Wilshire Securities Management Inc. purchased a new stake in shares of Tri Pointe Homes during the 1st quarter valued at $9,987,000. Boston Partners lifted its holdings in shares of Tri Pointe Homes by 108.8% during the 1st quarter. Boston Partners now owns 511,741 shares of the construction company's stock valued at $16,333,000 after purchasing an additional 266,685 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Tri Pointe Homes by 13.5% in the 1st quarter. American Century Companies Inc. now owns 2,209,166 shares of the construction company's stock valued at $70,517,000 after acquiring an additional 262,695 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.
Get Tri Pointe Homes alerts:
Wall Street Analysts Forecast Growth
TPH has been the subject of a number of research analyst reports. Wall Street Zen upgraded Tri Pointe Homes from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Wolfe Research lowered Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research note on Sunday, July 27th. Evercore ISI restated an "in-line" rating and issued a $34.00 target price (down previously from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. Wedbush restated an "outperform" rating and issued a $43.00 target price on shares of Tri Pointe Homes in a research note on Friday, July 25th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Tri Pointe Homes in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $39.25.
View Our Latest Research Report on Tri Pointe Homes
Tri Pointe Homes Price Performance
Shares of TPH opened at $31.87 on Friday. The business's 50-day moving average is $33.95 and its two-hundred day moving average is $32.51. The company has a market capitalization of $2.74 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $45.28.
Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.20. The company had revenue of $836.87 million for the quarter, compared to the consensus estimate of $782.22 million. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The firm's revenue for the quarter was down 26.6% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. Research 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 authorized a stock repurchase program on Thursday, July 24th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
About Tri Pointe Homes
(Free Report)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.
See Also
- Five stocks we like better than Tri Pointe Homes
- Top Biotech Stocks: Exploring Innovation Opportunities
- Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause Moment
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- NVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth Game
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- Hold Ratings, High Rewards? 3 Stocks That Could Defy Expectations
Want to see what other hedge funds are holding TPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tri Pointe Homes Inc. (NYSE:TPH - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Tri Pointe Homes Right Now?
Before you consider Tri Pointe Homes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tri Pointe Homes wasn't on the list.
While Tri Pointe Homes currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
