24,782 Shares in Tri Pointe Homes Inc. $TPH Acquired by Savant Capital LLC

Savant Capital LLC bought a new position in Tri Pointe Homes Inc. (NYSE:TPH) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,782 shares of the construction company’s stock, valued at approximately $792,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in shares of Tri Pointe Homes in the 1st quarter worth $43,906,000. Allianz Asset Management GmbH lifted its holdings in 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 acquiring an additional 444,153 shares during the period. First Wilshire Securities Management Inc. purchased a new position in Tri Pointe Homes in the first quarter worth about $9,987,000. Boston Partners grew its stake in shares of Tri Pointe Homes by 108.8% during the 1st quarter. Boston Partners now owns 511,741 shares of the construction company’s stock valued at $16,333,000 after purchasing an additional 266,685 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of 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 purchasing an additional 262,695 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Stock Performance

Shares of NYSE TPH opened at $31.91 on Friday. The stock has a market cap of $2.74 billion, a PE ratio of 9.41, 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 firm has a fifty day moving average price of $33.09 and a 200-day moving average price of $32.64. 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 earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.20. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The company had revenue of $836.87 million for the quarter, compared to analysts’ expectations of $782.22 million. During the same quarter in the previous year, the company earned $1.18 EPS. Tri Pointe Homes’s revenue for the quarter was down 26.6% on a year-over-year basis. Equities analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has authorized a share repurchase program on Thursday, July 24th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

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