Aristides Capital LLC Has $288,000 Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Aristides Capital LLC lifted its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 53.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,955 shares of the construction company’s stock after buying an additional 2,756 shares during the quarter. Aristides Capital LLC’s holdings in Tri Pointe Homes were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. HighTower Advisors LLC bought a new position in shares of Tri Pointe Homes in the fourth quarter worth about $5,553,000. Geode Capital Management LLC increased its position in Tri Pointe Homes by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company’s stock worth $112,644,000 after buying an additional 76,830 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Tri Pointe Homes by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company’s stock worth $17,626,000 after buying an additional 16,380 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Tri Pointe Homes by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company’s stock valued at $41,284,000 after acquiring an additional 27,691 shares during the period. Finally, GW&K Investment Management LLC grew 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 worth $73,850,000 after acquiring an additional 102,187 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on TPH shares. Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Royal Bank of Canada downgraded Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Oppenheimer cut their price target 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. Evercore ISI decreased their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

Tri Pointe Homes Trading Up 3.5 %

TPH stock opened at $31.73 on Monday. Tri Pointe Homes, Inc. has a 1-year low of $29.91 and a 1-year high of $47.78. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $33.30 and its 200-day moving average is $38.22. The firm has a market cap of $2.91 billion, a P/E ratio of 6.57, a P/E/G ratio of 0.67 and a beta of 1.44.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. Equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its Board of Directors has authorized a stock 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 purchase up to 7.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

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.