Hillsdale Investment Management Inc. Has $3.62 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Hillsdale Investment Management Inc. boosted its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 99,800 shares of the construction company’s stock after purchasing an additional 340 shares during the period. Hillsdale Investment Management Inc. owned about 0.11% of Tri Pointe Homes worth $3,619,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of Tri Pointe Homes by 84.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company’s stock valued at $49,000 after buying an additional 613 shares during the last quarter. Assetmark Inc. raised its stake in Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock valued at $66,000 after acquiring an additional 300 shares during the period. Venturi Wealth Management LLC lifted its holdings in Tri Pointe Homes by 562.1% during the 4th quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,900 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Tri Pointe Homes by 51.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock worth $84,000 after purchasing an additional 789 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Tri Pointe Homes by 72.8% in the fourth quarter. Blue Trust Inc. now owns 4,093 shares of the construction company’s stock valued at $148,000 after purchasing an additional 1,725 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Down 1.9 %

NYSE TPH opened at $31.37 on Friday. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 0.67 and a beta of 1.71. Tri Pointe Homes, Inc. has a 1-year low of $30.25 and a 1-year high of $47.78. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $34.29 and a 200-day moving average of $39.03.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. On average, equities research analysts expect 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 initiated a share repurchase program on Wednesday, December 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TPH. Evercore ISI reduced their target price on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Wedbush restated a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Oppenheimer lowered their target price on 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. Seaport Res Ptn upgraded Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada cut Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.60.

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.