EFG Asset Management North America Corp. Purchases 27,336 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

EFG Asset Management North America Corp. boosted its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 58.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,844 shares of the construction company’s stock after acquiring an additional 27,336 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Tri Pointe Homes were worth $2,677,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TPH. Assetmark Inc. increased its holdings in shares of Tri Pointe Homes by 19.6% during the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after acquiring an additional 300 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Tri Pointe Homes by 0.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 99,800 shares of the construction company’s stock worth $3,619,000 after purchasing an additional 340 shares during the period. Highland Capital Management LLC increased its holdings in shares of Tri Pointe Homes by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company’s stock valued at $212,000 after purchasing an additional 368 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Tri Pointe Homes by 7.4% in the fourth quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company’s stock valued at $232,000 after purchasing an additional 444 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Tri Pointe Homes by 2.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 26,595 shares of the construction company’s stock worth $964,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock opened at $32.26 on Wednesday. The stock’s fifty day moving average price is $34.16 and its two-hundred day moving average price is $38.86. The firm has a market cap of $2.96 billion, a PE ratio of 6.68, 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. Tri Pointe Homes, Inc. has a one year low of $30.25 and a one year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly 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 company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. As a group, research analysts expect 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 authorized a share buyback program on Wednesday, December 18th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

TPH has been the topic of a number of research reports. Wedbush reiterated 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. Royal Bank of Canada lowered Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. StockNews.com downgraded Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Oppenheimer lowered their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, Evercore ISI reduced their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average 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.