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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Tri Pointe Homes by 1.3% in 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 during the last quarter. Pacer Advisors Inc. purchased a new stake in Tri Pointe Homes during the 4th quarter valued at about $118,407,000. Geode Capital Management LLC increased its stake in Tri Pointe Homes by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company’s stock valued at $91,748,000 after purchasing an additional 44,160 shares in the last quarter. GW&K Investment Management LLC raised its holdings 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 buying an additional 102,187 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Tri Pointe Homes by 14.0% in the fourth quarter. American Century Companies Inc. now owns 1,946,471 shares of the construction company’s stock worth $70,579,000 after buying an additional 238,807 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Up 3.5 %

Tri Pointe Homes stock opened at $31.73 on Friday. The stock has a market cap of $2.91 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24. The stock has a fifty day moving average of $33.30 and a 200 day moving average of $38.26. Tri Pointe Homes, Inc. has a one year low of $29.91 and a one year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. As a group, sell-side analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its Board of Directors has authorized a stock buyback program 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 programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $41.00 to $37.00 in a research report on Wednesday, February 19th. Wedbush restated a “neutral” rating and issued a $38.00 price target (down previously from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Evercore ISI dropped their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Seaport Res Ptn upgraded Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Oppenheimer lowered their target price on shares of 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 research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

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.