Tri Pointe Homes (NYSE:TPH) Reaches New 12-Month Low – Should You Sell?

Tri Pointe Homes, Inc. (NYSE:TPH) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $30.09 and last traded at $30.24, with a volume of 166892 shares changing hands. The stock had previously closed at $32.46.

Analyst Upgrades and Downgrades

Several brokerages have commented on TPH. Royal Bank of Canada downgraded Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Wedbush reissued a “neutral” rating and issued a $38.00 price target (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. StockNews.com downgraded shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Evercore ISI lowered their price objective on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, Oppenheimer decreased their price target on shares of 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. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

Tri Pointe Homes Stock Down 5.3 %

The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.67 and a beta of 1.71. The business’s 50-day moving average is $33.55 and its 200-day moving average is $38.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.37 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 business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. On average, equities analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes announced that its Board of Directors has approved a share repurchase program on Wednesday, December 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Tri Pointe Homes

A number of institutional investors have recently modified their holdings of TPH. HighTower Advisors LLC acquired a new stake in shares of Tri Pointe Homes in the fourth quarter valued at approximately $5,553,000. Geode Capital Management LLC increased its stake in shares of 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 valued at $112,644,000 after buying an additional 76,830 shares during the period. Principal Financial Group Inc. raised its position 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 acquiring an additional 16,380 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Tri Pointe Homes by 2.5% during 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, New York State Teachers Retirement System boosted its holdings in Tri Pointe Homes by 15.3% in the fourth quarter. New York State Teachers Retirement System now owns 67,505 shares of the construction company’s stock valued at $2,448,000 after acquiring an additional 8,948 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

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.