Counterpoint Mutual Funds LLC Has $368,000 Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Counterpoint Mutual Funds LLC grew its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 73.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,139 shares of the construction company’s stock after buying an additional 4,303 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Tri Pointe Homes were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TPH. GSA Capital Partners LLP increased its stake in shares of Tri Pointe Homes by 4.4% during the third quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company’s stock worth $280,000 after purchasing an additional 258 shares during the period. Empowered Funds LLC increased its stake in shares of Tri Pointe Homes by 0.3% during the third quarter. Empowered Funds LLC now owns 99,346 shares of the construction company’s stock worth $4,501,000 after purchasing an additional 265 shares during the period. Assetmark Inc. increased its stake in shares of Tri Pointe Homes by 19.6% during the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after purchasing an additional 300 shares during the period. Highland Capital Management LLC increased its stake in shares of Tri Pointe Homes by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company’s stock worth $212,000 after purchasing an additional 368 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of Tri Pointe Homes by 7.4% during the fourth quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company’s stock worth $232,000 after purchasing an additional 444 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TPH. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Royal Bank of Canada lowered Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Wedbush restated a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a research note 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. Finally, Oppenheimer lowered their price objective 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. Four investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Tri Pointe Homes Stock Performance

TPH stock opened at $31.29 on Tuesday. The stock has a 50-day moving average price of $34.57 and a 200-day moving average price of $39.34. Tri Pointe Homes, Inc. has a 1-year low of $30.25 and a 1-year 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 firm has a market cap of $2.87 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect 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 approved a share repurchase plan on Wednesday, December 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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.