Keeley Teton Advisors LLC Raises Stock Position in Tri Pointe Homes Inc. $TPH

Keeley Teton Advisors LLC lifted its position in Tri Pointe Homes Inc. (NYSE:TPH) by 21.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,266 shares of the construction company’s stock after purchasing an additional 3,860 shares during the period. Keeley Teton Advisors LLC’s holdings in Tri Pointe Homes were worth $711,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Tri Pointe Homes by 56.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock valued at $67,000 after purchasing an additional 757 shares in the last quarter. CWM LLC increased its stake in shares of Tri Pointe Homes by 67.8% during the first quarter. CWM LLC now owns 3,797 shares of the construction company’s stock valued at $121,000 after buying an additional 1,534 shares during the period. Covestor Ltd raised its holdings in shares of Tri Pointe Homes by 327.8% in the first quarter. Covestor Ltd now owns 3,884 shares of the construction company’s stock valued at $124,000 after acquiring an additional 2,976 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Tri Pointe Homes by 67.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,578 shares of the construction company’s stock valued at $130,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Tri Pointe Homes in the first quarter worth about $202,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Tri Pointe Homes from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Evercore ISI dropped their price objective on shares of Tri Pointe Homes from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Wedbush reissued an “outperform” rating and issued a $43.00 price objective on shares of Tri Pointe Homes in a research note on Friday, July 25th. Finally, Wolfe Research lowered Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a report on Sunday, July 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.80.

Tri Pointe Homes Price Performance

NYSE TPH opened at $35.31 on Thursday. The firm’s fifty day simple moving average is $33.19 and its two-hundred day simple moving average is $31.93. The firm has a market capitalization of $3.20 billion, a P/E ratio of 8.98, a P/E/G ratio of 0.95 and a beta of 1.22. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a 12-month low of $27.90 and a 12-month high of $46.91.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, July 24th. The construction company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. Tri Pointe Homes had a return on equity of 11.33% and a net margin of 9.22%.The firm had revenue of $884.01 million during the quarter, compared to analysts’ expectations of $810.77 million. During the same quarter last year, the firm earned $1.25 EPS. The business’s quarterly revenue was down 22.3% on a year-over-year basis. Analysts forecast that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes declared that its board has initiated a stock buyback plan on Thursday, July 24th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Tri Pointe Homes

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.