William Blair Investment Management LLC Grows Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

William Blair Investment Management LLC raised its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,138,547 shares of the construction company’s stock after buying an additional 27,691 shares during the period. William Blair Investment Management LLC’s holdings in Tri Pointe Homes were worth $41,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC boosted its holdings in Tri Pointe Homes by 73.7% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 10,139 shares of the construction company’s stock valued at $368,000 after purchasing an additional 4,303 shares during the period. Cibc World Markets Corp purchased a new position in Tri Pointe Homes in the fourth quarter valued at $313,000. Royce & Associates LP boosted its holdings in Tri Pointe Homes by 12.0% in the fourth quarter. Royce & Associates LP now owns 539,080 shares of the construction company’s stock valued at $19,547,000 after purchasing an additional 57,559 shares during the period. Vestcor Inc purchased a new position in Tri Pointe Homes in the fourth quarter valued at $265,000. Finally, HighTower Advisors LLC purchased a new position in Tri Pointe Homes in the fourth quarter valued at $5,553,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Down 0.8 %

Shares of NYSE TPH opened at $31.29 on Tuesday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 6.48, 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 current ratio of 2.24 and a quick ratio of 1.64. The business has a 50-day moving average of $34.57 and a two-hundred day moving average of $39.34. Tri Pointe Homes, Inc. has a 1 year low of $30.25 and a 1 year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.22 billion. On average, analysts forecast that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its board has approved a share buyback program on Wednesday, December 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently issued reports on TPH shares. Oppenheimer decreased their target price on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Wedbush reiterated a “neutral” rating and issued a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Evercore ISI decreased their target price 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. StockNews.com downgraded Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada downgraded Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Four research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

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.