Boston Partners Acquires 52,816 Shares of Tri Pointe Homes Inc. $TPH

Boston Partners increased its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 564,557 shares of the construction company’s stock after acquiring an additional 52,816 shares during the quarter. Boston Partners owned 0.62% of Tri Pointe Homes worth $18,040,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in Tri Pointe Homes by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 172,623 shares of the construction company’s stock worth $5,510,000 after purchasing an additional 4,245 shares during the period. Cerity Partners LLC raised its holdings in shares of Tri Pointe Homes by 9.1% during the first quarter. Cerity Partners LLC now owns 69,018 shares of the construction company’s stock valued at $2,203,000 after purchasing an additional 5,754 shares during the period. Xponance Inc. grew its stake in shares of Tri Pointe Homes by 5.0% in the 1st quarter. Xponance Inc. now owns 7,095 shares of the construction company’s stock valued at $226,000 after buying an additional 336 shares during the period. New York State Common Retirement Fund grew its stake in shares of Tri Pointe Homes by 2.0% in the 1st quarter. New York State Common Retirement Fund now owns 59,760 shares of the construction company’s stock valued at $1,908,000 after buying an additional 1,150 shares during the period. Finally, CWM LLC increased its position in Tri Pointe Homes by 67.8% in the 1st quarter. CWM LLC now owns 3,797 shares of the construction company’s stock valued at $121,000 after buying an additional 1,534 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Tri Pointe Homes Stock Down 1.3%

Tri Pointe Homes stock opened at $31.80 on Friday. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $45.28. The stock has a market cap of $2.73 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. The firm’s 50-day simple moving average is $33.19 and its 200 day simple moving average is $32.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 23rd. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $836.87 million during the quarter, compared to analyst estimates of $782.22 million. During the same quarter last year, the business posted $1.18 EPS. The company’s revenue for the quarter was down 26.6% on a year-over-year basis. Research analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

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

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.