Blue Trust Inc. Has $95,000 Stock Position in Tri Pointe Homes Inc. $TPH

Blue Trust Inc. lifted its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 16.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,982 shares of the construction company’s stock after buying an additional 424 shares during the quarter. Blue Trust Inc.’s holdings in Tri Pointe Homes were worth $95,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Xponance Inc. lifted its holdings in shares of Tri Pointe Homes by 5.0% during the first quarter. Xponance Inc. now owns 7,095 shares of the construction company’s stock worth $226,000 after buying an additional 336 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Tri Pointe Homes by 19.6% during the second quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company’s stock worth $76,000 after buying an additional 389 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Tri Pointe Homes by 0.8% during the first quarter. Federated Hermes Inc. now owns 55,975 shares of the construction company’s stock worth $1,787,000 after buying an additional 430 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Tri Pointe Homes by 1.7% during the second quarter. QRG Capital Management Inc. now owns 32,326 shares of the construction company’s stock worth $1,033,000 after buying an additional 545 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Tri Pointe Homes by 4.8% during the first quarter. Inspire Investing LLC now owns 12,652 shares of the construction company’s stock worth $404,000 after buying an additional 575 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wolfe Research downgraded Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research note on Sunday, July 27th. Evercore ISI reaffirmed an “in-line” rating and issued a $34.00 price target (down previously from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tri Pointe Homes in a research note on Wednesday, October 8th. Wall Street Zen raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $43.00 price target on shares of Tri Pointe Homes in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tri Pointe Homes currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $31.96 on Friday. The stock has a market cap of $2.90 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 0.86 and a beta of 1.30. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average is $34.30 and its 200-day moving average is $32.34. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $46.91.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.11. The company had revenue of $884.01 million for the quarter, compared to analysts’ expectations of $810.77 million. Tri Pointe Homes had a return on equity of 11.33% and a net margin of 9.22%.The business’s quarterly revenue was down 22.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 earnings per share. Equities research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its board has authorized a stock buyback program on Thursday, July 24th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication 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.