Dynamic Technology Lab Private Ltd Cuts Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Dynamic Technology Lab Private Ltd cut its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,200 shares of the construction company’s stock after selling 2,861 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Tri Pointe Homes were worth $1,131,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Tri Pointe Homes by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company’s stock worth $419,666,000 after acquiring an additional 143,365 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Tri Pointe Homes during the 4th quarter valued at $118,407,000. Geode Capital Management LLC raised its position in Tri Pointe Homes by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company’s stock worth $91,748,000 after purchasing an additional 44,160 shares during the period. GW&K Investment Management LLC lifted its stake in Tri Pointe Homes by 5.3% in the fourth quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company’s stock worth $73,850,000 after purchasing an additional 102,187 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Tri Pointe Homes by 14.0% during the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company’s stock valued at $70,579,000 after buying an additional 238,807 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

TPH has been the subject of a number of recent research reports. Evercore ISI lowered their target price on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Oppenheimer dropped their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. StockNews.com cut shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Royal Bank of Canada lowered shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $41.00 to $37.00 in a report on Wednesday, February 19th. Finally, Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and a consensus target price of $40.60.

Tri Pointe Homes Trading Up 3.5 %

NYSE:TPH opened at $31.73 on Friday. The company has a 50-day moving average price of $33.30 and a 200-day moving average price of $38.26. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 6.57, a P/E/G ratio of 0.67 and a beta of 1.71. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 12 month low of $29.91 and a 12 month high of $47.78.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data 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 business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Equities analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes announced that its Board of Directors has approved a share buyback plan on Wednesday, December 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management 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.