MQS Management LLC Makes New $267,000 Investment in Tri Pointe Homes Inc. $TPH

MQS Management LLC acquired a new stake in Tri Pointe Homes Inc. (NYSE:TPH) in the 2nd quarter, Holdings Channel reports. The firm acquired 8,348 shares of the construction company’s stock, valued at approximately $267,000.

Several other hedge funds also recently modified their holdings of TPH. Nuveen LLC bought a new stake in shares of Tri Pointe Homes in the 1st quarter valued at $43,906,000. Allianz Asset Management GmbH increased its stake in shares of Tri Pointe Homes by 54.8% in the 1st quarter. Allianz Asset Management GmbH now owns 1,255,057 shares of the construction company’s stock valued at $40,061,000 after acquiring an additional 444,153 shares in the last quarter. First Wilshire Securities Management Inc. bought a new stake in shares of Tri Pointe Homes in the 1st quarter valued at $9,987,000. Boston Partners increased its stake in shares of Tri Pointe Homes by 108.8% in the 1st quarter. Boston Partners now owns 511,741 shares of the construction company’s stock valued at $16,333,000 after acquiring an additional 266,685 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Tri Pointe Homes by 13.5% in the 1st quarter. American Century Companies Inc. now owns 2,209,166 shares of the construction company’s stock valued at $70,517,000 after acquiring an additional 262,695 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $32.43 on Tuesday. The company’s 50-day moving average is $34.10 and its 200 day moving average is $32.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $2.79 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.30. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $45.28.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Thursday, October 23rd. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The business had revenue of $836.87 million for the quarter, compared to analysts’ expectations of $782.22 million. During the same period in the previous year, the business posted $1.18 EPS. The firm’s quarterly revenue was down 26.6% compared to the same quarter last year. On average, equities research analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes declared that its Board of Directors has approved a stock buyback program on Thursday, July 24th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TPH. Evercore ISI reiterated an “in-line” rating and issued a $34.00 price objective (down previously from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. Wall Street Zen raised shares of Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Wedbush reissued an “outperform” rating and issued a $43.00 price target on shares of Tri Pointe Homes in a research report on Friday, July 25th. Wolfe Research downgraded shares of Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research report on Sunday, July 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Tri Pointe Homes in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.25.

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.