Tri Pointe Homes, Inc. (NYSE:TPH) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC raised its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,138,547 shares of the construction company’s stock after acquiring an additional 27,691 shares during the quarter. William Blair Investment Management LLC owned approximately 1.22% of Tri Pointe Homes worth $41,284,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TPH. Atria Investments Inc increased its holdings in shares of Tri Pointe Homes by 30.0% in the third quarter. Atria Investments Inc now owns 15,839 shares of the construction company’s stock valued at $718,000 after purchasing an additional 3,653 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Tri Pointe Homes by 4.4% in the third quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company’s stock valued at $280,000 after purchasing an additional 258 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Tri Pointe Homes by 3.7% in the third quarter. Victory Capital Management Inc. now owns 282,612 shares of the construction company’s stock valued at $12,805,000 after purchasing an additional 10,116 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Tri Pointe Homes by 80.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 26,042 shares of the construction company’s stock valued at $1,180,000 after purchasing an additional 11,649 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Tri Pointe Homes in the third quarter valued at approximately $217,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TPH. Evercore ISI cut their price target on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Oppenheimer cut their price target on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Wedbush reaffirmed a “neutral” rating and issued a $38.00 price target (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Royal Bank of Canada cut 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, Seaport Res Ptn raised Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.60.

Tri Pointe Homes Price Performance

TPH stock opened at $31.29 on Tuesday. The business has a fifty day moving average of $34.57 and a two-hundred day moving average of $39.34. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. Tri Pointe Homes, Inc. has a 52-week low of $30.25 and a 52-week high of $47.78.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.22 billion. As a group, research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

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

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.