Perbak Capital Partners LLP Raises Position in Tri Pointe Homes Inc. $TPH

Perbak Capital Partners LLP increased its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 55.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,235 shares of the construction company’s stock after buying an additional 14,692 shares during the quarter. Perbak Capital Partners LLP’s holdings in Tri Pointe Homes were worth $1,401,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in Tri Pointe Homes by 353.2% in the 2nd quarter. AQR Capital Management LLC now owns 687,307 shares of the construction company’s stock worth $21,788,000 after buying an additional 535,640 shares in the last quarter. Boston Partners raised its position in shares of Tri Pointe Homes by 60.3% in the 2nd quarter. Boston Partners now owns 820,492 shares of the construction company’s stock valued at $26,217,000 after purchasing an additional 308,751 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Tri Pointe Homes by 13.3% during the 2nd quarter. American Century Companies Inc. now owns 2,502,818 shares of the construction company’s stock valued at $79,965,000 after buying an additional 293,652 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Tri Pointe Homes by 37.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 877,599 shares of the construction company’s stock valued at $28,039,000 after buying an additional 239,238 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Tri Pointe Homes during the second quarter worth approximately $6,063,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the transaction, the director owned 30,330 shares in the company, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Tri Pointe Homes Stock Down 0.1%

TPH stock opened at $46.27 on Friday. The stock has a market cap of $3.94 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.38 and a beta of 1.34. The firm’s 50-day simple moving average is $39.44 and its 200 day simple moving average is $35.35. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $46.62. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.33.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The firm had revenue of $972.63 million during the quarter, compared to analyst estimates of $917.86 million. During the same period in the previous year, the business posted $1.37 EPS. Tri Pointe Homes’s revenue was down 22.5% on a year-over-year basis. As a group, sell-side analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TPH. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Royal Bank Of Canada raised their price objective on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Citigroup started coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Oppenheimer lowered shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, February 13th. Finally, Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price target on the stock. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tri Pointe Homes presently has an average rating of “Hold” and an average target price of $42.50.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.