Tri Pointe Homes, Inc. (NYSE:TPH) Position Decreased by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 60.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,445 shares of the construction company’s stock after selling 88,793 shares during the period. Quantbot Technologies LP owned approximately 0.06% of Tri Pointe Homes worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TPH. Pacer Advisors Inc. bought a new position in shares of Tri Pointe Homes during the 4th quarter valued at about $118,407,000. Raymond James Financial Inc. bought a new position in shares of Tri Pointe Homes during the 4th quarter valued at about $13,342,000. Weiss Asset Management LP bought a new position in shares of Tri Pointe Homes during the 3rd quarter valued at about $16,066,000. Boston Partners bought a new position in shares of Tri Pointe Homes during the 4th quarter valued at about $8,888,000. Finally, HighTower Advisors LLC bought a new position in shares of Tri Pointe Homes during the 4th quarter valued at about $5,553,000. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TPH shares. Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Oppenheimer reduced their price objective on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Evercore ISI reduced their price objective on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Wedbush reaffirmed a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Finally, StockNews.com lowered shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Tri Pointe Homes Trading Down 1.9 %

Shares of Tri Pointe Homes stock opened at $31.37 on Monday. The company’s fifty day simple moving average is $34.29 and its 200-day simple moving average is $39.00. 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. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 1 year low of $30.25 and a 1 year high of $47.78.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping 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%. As a group, sell-side analysts expect that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 18th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 7.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.