Tri Pointe Homes Inc. $TPH Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. cut its position in Tri Pointe Homes Inc. (NYSE:TPH) by 41.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,739 shares of the construction company’s stock after selling 17,533 shares during the quarter. Fox Run Management L.L.C.’s holdings in Tri Pointe Homes were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TPH. American Century Companies Inc. boosted its holdings in Tri Pointe Homes by 13.5% during the 1st quarter. American Century Companies Inc. now owns 2,209,166 shares of the construction company’s stock valued at $70,517,000 after acquiring an additional 262,695 shares during the period. LSV Asset Management lifted its position in shares of Tri Pointe Homes by 4.8% during the first quarter. LSV Asset Management now owns 1,762,922 shares of the construction company’s stock worth $56,272,000 after purchasing an additional 80,198 shares in the last quarter. Nuveen LLC purchased a new position in shares of Tri Pointe Homes in the first quarter valued at approximately $43,906,000. Allianz Asset Management GmbH grew its holdings in shares of Tri Pointe Homes by 54.8% in the first quarter. Allianz Asset Management GmbH now owns 1,255,057 shares of the construction company’s stock valued at $40,061,000 after purchasing an additional 444,153 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Tri Pointe Homes by 7.1% during the 1st quarter. Royce & Associates LP now owns 577,303 shares of the construction company’s stock worth $18,428,000 after buying an additional 38,223 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Up 0.3%

Shares of NYSE TPH opened at $31.54 on Monday. The business has a 50-day moving average of $33.47 and a two-hundred day moving average of $32.62. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $45.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, October 23rd. The construction company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The business had revenue of $836.87 million for the quarter, compared to the consensus estimate of $782.22 million. During the same quarter in the prior year, the business posted $1.18 EPS. The business’s revenue for the quarter was down 26.6% on a year-over-year basis. On average, 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 program on Thursday, July 24th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the construction company to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

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

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.