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

Aristides Capital LLC raised its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 53.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,955 shares of the construction company’s stock after acquiring 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.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC bought a new position in Tri Pointe Homes in the 4th quarter worth approximately $5,553,000. Geode Capital Management LLC raised its position in shares of Tri Pointe Homes by 3.2% during the third quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company’s stock worth $112,644,000 after acquiring an additional 76,830 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Tri Pointe Homes by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company’s stock valued at $17,626,000 after acquiring an additional 16,380 shares during the last quarter. William Blair Investment Management LLC increased its position in 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 worth $41,284,000 after purchasing an additional 27,691 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in Tri Pointe Homes by 5.3% during the 4th quarter. GW&K Investment Management LLC now owns 2,036,689 shares of the construction company’s stock worth $73,850,000 after purchasing an additional 102,187 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on TPH. Royal Bank of Canada cut shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. StockNews.com cut shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Oppenheimer cut their target price on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, 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 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

Tri Pointe Homes Stock Up 3.5 %

NYSE:TPH 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 stock has a 50-day moving average price of $33.30 and a two-hundred day moving average price of $38.22. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.67 and a beta of 1.44. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. As a group, equities analysts expect that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its board has approved a stock repurchase plan on Wednesday, December 18th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Tri Pointe Homes Company 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.