EntryPoint Capital LLC Buys Shares of 13,156 Tri Pointe Homes Inc. $TPH

EntryPoint Capital LLC bought a new position in Tri Pointe Homes Inc. (NYSE:TPH) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,156 shares of the construction company’s stock, valued at approximately $420,000.

Several other hedge funds also recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in Tri Pointe Homes in the 1st quarter worth about $202,000. Hsbc Holdings PLC increased its position in Tri Pointe Homes by 86.2% in the 1st quarter. Hsbc Holdings PLC now owns 48,519 shares of the construction company’s stock worth $1,541,000 after purchasing an additional 22,462 shares during the last quarter. First Wilshire Securities Management Inc. acquired a new position in Tri Pointe Homes in the 1st quarter worth about $9,987,000. Raymond James Financial Inc. increased its position in Tri Pointe Homes by 14.1% in the 1st quarter. Raymond James Financial Inc. now owns 419,832 shares of the construction company’s stock worth $13,402,000 after purchasing an additional 51,862 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Tri Pointe Homes by 13.5% in the 1st quarter. American Century Companies Inc. now owns 2,209,166 shares of the construction company’s stock worth $70,517,000 after purchasing an additional 262,695 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TPH shares. Wolfe Research lowered Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research report on Sunday, July 27th. Evercore ISI dropped their target price on Tri Pointe Homes from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. Wall Street Zen downgraded Tri Pointe Homes from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Finally, Wedbush reiterated an “outperform” rating and set a $43.00 price target on shares of Tri Pointe Homes in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.80.

Tri Pointe Homes Stock Performance

TPH opened at $34.2520 on Thursday. The company has a market cap of $3.11 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.95 and a beta of 1.22. The stock has a 50-day moving average of $32.70 and a 200-day moving average of $31.96. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $46.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.79 and a current ratio of 1.79.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Thursday, July 24th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. Tri Pointe Homes had a return on equity of 11.33% and a net margin of 9.22%.The firm had revenue of $884.01 million during the quarter, compared to the consensus estimate of $810.77 million. During the same quarter in the prior year, the company earned $1.25 EPS. The firm’s revenue for the quarter was down 22.3% compared to the same quarter last year. As a group, equities research 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 of Directors has authorized a stock repurchase plan on Thursday, July 24th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.