Great Lakes Advisors LLC Has $204,000 Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Great Lakes Advisors LLC lowered its holdings in Tri Pointe Homes, Inc. (NYSE:TPH) by 15.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,635 shares of the construction company’s stock after selling 1,030 shares during the period. Great Lakes Advisors LLC’s holdings in Tri Pointe Homes were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Tri Pointe Homes by 3.2% in the third quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company’s stock worth $112,644,000 after acquiring an additional 76,830 shares during the last quarter. Principal Financial Group Inc. grew its position in Tri Pointe Homes by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company’s stock worth $17,626,000 after purchasing an additional 16,380 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Tri Pointe Homes by 404.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 43,849 shares of the construction company’s stock worth $1,987,000 after purchasing an additional 35,162 shares during the period. New York State Teachers Retirement System raised its position in shares of Tri Pointe Homes by 15.3% during the fourth quarter. New York State Teachers Retirement System now owns 67,505 shares of the construction company’s stock valued at $2,448,000 after buying an additional 8,948 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in shares of 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 valued at $73,850,000 after buying an additional 102,187 shares during the period. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. 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 target price 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. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada cut shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Finally, StockNews.com lowered shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tri Pointe Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

Tri Pointe Homes Stock Up 1.2 %

TPH opened at $31.52 on Monday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 6.53, a PEG 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 firm’s 50-day simple moving average is $34.65 and its 200-day simple moving average is $39.43. Tri Pointe Homes, Inc. has a twelve month low of $30.25 and a twelve month 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%. Equities research analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its Board of Directors has approved a stock repurchase 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 buy up to 7.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are 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.